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Amgen shares have fallen almost 4% since the beginning of the year, while the S&P's 500 index has increased 6%. In the final minutes of trading on Tuesday, shares hit $252.45, a rise of 11% in the last 12 months.

Amgen: Q4 Earnings Snapshot

Amgen Inc. (AMGN) on Tuesday reported fourth-quarter earnings of $1.62 billion. On a per-share basis, the Thousand Oaks, California-based company said it had profit of $3. Earnings, adjusted for non-recurring costs, came to $4.09 per share. The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.04 per share

By AP News
Published - Jan 31, 2023, 04:21 PM ET
Last Updated - Apr 10, 2024, 09:11 AM EDT

THOUSAND OAKS, Calif. (AP) _ Amgen Inc. (AMGN) on Tuesday reported fourth-quarter earnings of $1.62 billion.

On a per-share basis, the Thousand Oaks, California-based company said it had profit of $3. Earnings, adjusted for non-recurring costs, came to $4.09 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $4.04 per share.

The world's largest biotech drugmaker posted revenue of $6.84 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $6.74 billion.

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