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Astrazeneca tops expectations in the first quarter on strong cancer drug sales

CAMBRIDGE, Britain (AP) — Astrazeneca on Wednesday reported first-quarter profit of $3.08 billion.

The Cambridge, Britain-based company said it had net income of $1.99 cents per share. Earnings, adjusted for non-recurring costs, were $2.58 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.57 per share.

The pharmaceutical posted revenue of $15.29 billion in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $14.96 billion.

Astrazeneca shares have increased almost 2% since the beginning of the year. The stock has increased 34% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AZN at https://www.zacks.com/ap/AZN

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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