Amgen Falls After Revenue Growth Misses Estimates
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Amgen Inc., the world’s largest biotechnology company, declined the most in four years after reporting sales growth that missed analysts’ estimates.
Amgen fell 6.9 percent to $104.93 at the close in New York, the biggest single-day drop since February 2009. The shares of the Thousand Oaks, California-based company had gained 65 percent in the 12 months through yesterday.