Amgen beats estimates and raises guidance

4 August 2023

US biotech major Amgen (Nasdaq: AMGN) has announced financial results for the second quarter of 2023.

Revenue rose by 5.9% to $6.99 billion, above the FactSet consensus of $6.66 billion, while net income climbed to $1.38 billion, or $2.57 a share, from $1.32 billion, or $2.45 a share, in the same period a year ago.

Excluding non-recurring items, adjusted earnings per share of $5 beat the FactSet consensus of $4.49.

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