logo
Plus   Neg
Share
Email

Amgen Updates Guidance - Quick Facts

Amgen (AMGN) announced, for the full year 2019, the company now expects: non-GAAP earnings per share in the range of $14.20 to $14.45. Previously, the company expected non-GAAP EPS in the range of $13.75 to $14.30. Total revenues are currently projected in the range of $22.8 billion to $23.0 billion. Previously, the company expected total revenues in the range of $22.4 billion to $22.9 billion.

Analysts polled by Thomson Reuters expect the company to report profit per share of $14.39 on revenue of $22.85 billion. Analysts' estimates typically exclude special items.

For the third-quarter, non-GAAP EPS decreased 1 percent to $3.66 as a result of lower revenue, offset partially by lower weighted-average shares outstanding. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $3.53, for the quarter.

Third-quarter total revenues decreased 3 percent to $5.7 billion in comparison to the third quarter of 2018, reflecting the impact of biosimilar and generic competition against key products. Analysts expected revenue of $5.63 billion, for the quarter. Total product sales decreased 1 percent.

Amgen expects to close the Otezla acquisition before the end of the fourth quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walmart Canada has apologized after a Christmas sweater featuring Santa Claus and apparently cocaine was posted for sale on the company's Canadian website. The retail giant pulled the controversial sweater from its website following a backlash on social media. However, the sweater was not available on Walmart's U.S. website. Ford Motor Co. is recalling around 262 thousand F-Series heavy-duty pickups in the U.S. and Canada citing problem with the electric tailgates that may open unintentionally. The recall involves F-250, F-350 and F-450 Super Duty trucks from the 2017 through 2019 model years. Of these, 231,664 vehicles are in the U.S., while 29,953 are in Canada. Sony's 'MLB The Show' video game series will be available on additional console platforms beyond PlayStation as early as 2021. Currently, the game series is exclusive to PlayStation. 'MLB The Show' is the MLB's officially licensed simulation baseball video game series. San Diego Studio has been creating the officially licensed baseball video games enjoyed by fans for more than 20 years.
Follow RTT
>