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Amgen Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Amgen Inc. (AMGN) reported earnings for its third quarter that advanced from the same period last year.

The company's bottom line totaled $2.02 billion, or $3.43 per share. This compares with $1.97 billion, or $3.27 per share, in last year's third quarter.

Excluding items, Amgen Inc. reported adjusted earnings of $2.57 billion or $4.37 per share for the period.

Analysts had expected the company to earn $3.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.8% to $6.42 billion from $5.74 billion last year.

Amgen Inc. earnings at a glance:

-Earnings (Q3): $2.57 Bln. vs. $2.20 Bln. last year. -EPS (Q3): $4.37 vs. $3.66 last year. -Analysts Estimate: $3.80 -Revenue (Q3): $6.42 Bln vs. $5.74 Bln last year.

-Guidance: Full year EPS guidance: $15.80 - $16.15 Full year revenue guidance: $25.1 - $25.5 Bln

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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