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Gilead Sciences Inc.

April 24, 2011

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Sales of Tamiflu dropped precipitously thanks to a weak flu season, helping to push first-quarter earnings down 24 percent. Lower-than-expected results sparked a selloff, but analysts quickly dismissed concern that the fundamentals were awry. Oppenheimer’s Bret Holley and Baird’s Thomas J. Russo kept their “outperform’’ ratings, expecting sales to recover rapidly.