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Amgen estimates boosted by Thomas Weisel
Amgen Inc. earnings estimates were raised by Thomas Weisel Partners analyst Ian Somaiya to $3.17 per share from $2.86 for 2005 and to $3.37 from $3.29 for 2006 following second-quarter earnings, noting strong sales and an improved outlook for physician reaction to Medicare changes. Amgen shares Wednesday gained $10.65, or 15.10%, to $81.17 on volume of 81,042,901 shares versus the three-month running average of 8,010,400 shares.
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