Amgen sales and earnings beat analysts' estimates

27 July 2018

Amgen (Nasdaq: AMGN) yesterday released financial results for the second quarter of 2018 that beat expectations, and pushed the firm’s share up 1.06% to $196.11 in after-hours trading.

The company posted revenue of $6.06 billion, up 4.3% on the like 2017 quarter, exceeding Wall Street forecasts. Eight analysts surveyed by Zacks Investment expected $5.72 billion.

Second-quarter net income on a generally accepted accounting principles (GAAP) basis was $2.3 billion, a rise of 7%. Earnings per share (EPS) came in at $3.48, up 20%. Earnings, adjusted for non-recurring costs, were $3.83 per share, up 17.1%.

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