Amgen Inc. (AMGN) released earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $767 million, or $1.42 per share. This compares with $1.62 billion, or $3.00 per share, in last year's fourth quarter.
Excluding items, Amgen Inc. reported adjusted earnings of $2.54 billion or $4.71 per share for the period.
Analysts on average had expected the company to earn $4.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 19.9% to $8.20 billion from $6.84 billion last year.
Amgen Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $767 Mln. vs. $1.62 Bln. last year.-EPS (Q4): $1.42 vs. $3.00 last year.-Analyst Estimates: $4.60-Revenue (Q4): $8.20 Bln vs. $6.84 Bln last year.
For comments and feedback contact: editorial@rttnews.com
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.