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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