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Celgene (CELG) Stock Lower Despite Strong Q1 Earnings Expectations

NEW YORK (TheStreet) -- Celgene (CELG - Get Report) stock is slumping by 0.58% to $106.93 in early-afternoon trading on Wednesday, as the company prepares to report 2016 first quarter financial results before the market open on Thursday.

Analysts have forecast for a year-over-year rise in both earnings and revenue for the most recent period.

Celgene is expected to report adjusted earnings of $1.27 per share on revenue of $2.57 billion, according to analysts surveyed by Thomson Reuters.

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