Amgen Inc on Tuesday said competition for its older drugs sent third-quarter rev...
- Amgen Inc on Tuesday said competition for its older drugs sent third-quarter revenue down 3%, but biosimilar sales were strong and the quarterly results were ahead of Wall Street estimates.
Amgen posted third-quarter adjusted earnings per share of $3.66, beating the average analyst estimate by 13 cents, according to IBES data from Refinitiv. Share buybacks lowered the number of Amgen shares outstanding by 7% from a year earlier. Amgen shares, which closed up 2% at $208.99 - near their all-time high - were trading close to that after hours.
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