Amgen Inc. (AMGN) revealed earnings for second quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $746 million, or $1.38 per share. This compares with $1.379 billion, or $2.57 per share, in last year's second quarter.
Excluding items, Amgen Inc. reported adjusted earnings of $2.691 billion or $4.97 per share for the period.
Analysts on average had expected the company to earn $4.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 20.1% to $8.388 billion from $6.986 billion last year.
Amgen Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $746 Mln. vs. $1.379 Bln. last year.-EPS (Q2): $1.38 vs. $2.57 last year.-Revenue (Q2): $8.388 Bln vs. $6.986 Bln last year.
-Guidance:Full year EPS guidance: $19.10 - $20.10Full year revenue guidance: $32.8 - $33.8 Bln
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.