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Celgene 2Q Earnings Yield No Surprises, Small Guidance Bump

Celgene (CELG) posted second-quarter earnings which exceeded analyst consensus expectations by a small margin but enough to raise guidance for the remainder of the year.

On an adjusted basis, Celgene earned $1.44 per share in the second quarter, 5 cents per share better than expected.

Total revenue in the second quarter was $2.75 billion, essentially in-line with the $2.71 billion forecast by analysts. On a percentage...