Annual report shows tax reform hit Amgen hard

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By Staff Report / Thursday, February 1st, 2018 / Comments Off on Annual report shows tax reform hit Amgen hard

After a $6 billion tax hit, net income at Amgen fell 74 percent in 2017, coming off a fourth quarter in which revenues decreased 3 percent to $5.8 billion and net losses reached $4.26 billion. The Thousand Oaks-based biotech giant also announced that its board of directors increased its share repurchase program by $10 billion,…

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