Biogen stock drops 2% after Q1 sales miss

Biogen stock drops 2% after Q1 sales miss

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Biogen Inc. BIIB, -2.48% shares dropped 2.4% in premarket trade Tuesday after the company reported a first-quarter sales miss. Earnings for the latest quarter rose to $1.2 billion, or $5.54 per share, from $748 million, or $3.46 per share in the year-earlier period.