Watson Profit Rises on Strong Generic Sales
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From Reuters
Watson Pharmaceuticals Inc. said its third-quarter profit rose on strong sales of generic drugs and the company’s new patch for overactive bladders.
The Corona company reported earnings of $51.5 million, or 47 cents a share, compared with $40.7 million, or 38 cents, a year earlier. Revenue rose 17% to $358.8 million.
Watson’s shares rose $3.88, or 10%, to $42.32 on the NYSE.
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