Updated Jul. 23, 2014 at 10:23 a.m.

Premium Lock GSK sales, earnings slump; shares drop 5%; growth forecast slashed

Published: 2014-07-23 09:41:00
Updated: 2014-07-23 10:23:18

GSK's HQ in London               GSK's HQ in London

Drug giant GlaxoSmithKline, hurt in part by a 20 percent decline in sales in China where the company is under criminal investigation, reports revenues and earnings that missed analysts' expectations on Wednesday. GSK also reduced its growth forecast for 2014 from as much as 8 percent to "basically similar" to 2013 and says it can't estimate what the financial impact could be from the China case....

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