Amgen Inc. (AMGN) Tuesday reported first-quarter net income of $1.43 billion or $1.88 per share, up from $1.18 billion or $1.48 per share last year.
Adjusted profit for the quarter rose to $1.50 billion or $1.96 per share from $1.29 billion or $1.61 per share last year. Analysts polled by Thomson Reuters expected earnings of $1.84 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter grew 5 percent to $4.24 billion from $4.05 billion last year. Analysts estimated revenues of $4.37 billion for the quarter.
Looking forward to the full year 2013, Amgent now expects adjusted earnings to be above the midpoint of the guidance range of $7.05 to $7.35 per share. Total revenue guidance range remain unchanged at $17.8 billion to $18.2 billion.
Analysts currently estimate earnings of $7.21 per share on revenues of $18.07 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.