AstraZeneca (AZN +0.3%) announces a tax agreement with U.S. and U.K. authorities. As a result,...

|About: AstraZeneca Group plc (AZN)|By:, SA News Editor

AstraZeneca (AZN +0.3%) announces a tax agreement with U.S. and U.K. authorities. As a result, Q1 earnings will rise by ~$500M as the company frees up a portion of provisions set aside for the settlement. Core 2011 EPS will rise to $6.90-$7.20 from $6.45-$6.75. (PR)