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Market Commentary and Intraday News

Earnings roundup: MillerCoors, Akorn

315 days ago

By The Associated Press

Among the earnings stories for Tuesday, Aug. 7, from AP Business News:

_ Beer maker MillerCoors said that higher prices and cost management helped lift its net income by 10 percent in the second quarter.

_ Generic drugmaker Akorn Inc. posted strong second-quarter results and raised its expectations for the full year, pointing to revenue from its new version of the antibiotic Vancocin.

_ Acquisitions gave a boost to aircraft parts maker TransDigm Group Inc.'s fiscal third quarter and its net income surged 61 percent as revenue improved.


Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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