Amgen: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 04:09 PM ET
Last Updated - Dec 16, 2024, 05:50 PM EST
THOUSAND OAKS, Calif. (AP) — THOUSAND OAKS, Calif. (AP) — Amgen Inc. (AMGN) on Wednesday reported third-quarter net income of $2.83 billion.
On a per-share basis, the Thousand Oaks, California-based company said it had profit of $5.22. Earnings, adjusted for non-recurring costs, came to $5.58 per share.
The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $5.11 per share.
The world's largest biotech drugmaker posted revenue of $8.5 billion in the period, which missed Street forecasts. Eleven analysts surveyed by Zacks expected $8.51 billion.
