ADVFN - Advanced Financial Network.
HOME» NASDAQ » A » AMGN Stock Price » AMGN Stock News

Amgen Inc. Share News

 Amgen Inc. (mm) Stock Price
AMGN Stock Price
 Amgen Inc. (mm) Stock Chart
AMGN Stock Chart
 Amgen Inc. (mm) Stock News
AMGN Stock News
 Amgen Inc. (mm) Company Information
AMGN Company Information
 Amgen Inc. (mm) Stock Trades
AMGN Stock Trades

Amgen 1Q Profit Rises 5.2% On Broad Sales Growth

DOW JONES NEWSWIRES Amgen Inc.'s (AMGN) first-quarter earnings rose 5.2% as the biopharmaceutical company reported sales growth across many of its products, helping results beat expectations. The company has been trying to bolster its research-and-development pipeline and grow sales of its bone-building drugs to help offset declining sales of its key anti-anemia drugs, which have slumped in recent years due to safety concerns and intensifying competition. Amgen recently completed $1.16 billion acquisition of Micromet Inc. (MITI), a deal expected to strengthen its cancer-drug research pipeline. Amgen reported a profit of $1.18 billion, or $1.48 a share, up from $1.13 billion, or $1.20 a share, a year earlier. Excluding acquisition and restructuring-related expenses and other items, earnings were up at $1.61 from $1.34. Revenue increased 9.2% to $4.05 billion. Analysts polled by Thomson Reuters most recently projected earnings of $1.45 on revenue of $3.93 billion. Operating margin rose to 36.4% from 34.9%. Combined sales of Neulasta and Neupogen, which are used to ward off infections undergoing cancer treatment, rose 9% to $1.34 billion. The company has been counting on its new bone-building drugs, Xgeva and Prolia, to boost overall sales growth. Sales of Xgeva, a drug designed to prevent bone injuries in cancer patients, were up 14% to $153 million. Sales of Prolia, for osteoporosis in women, were up 9% to $153 million. Shares of Amgen, which affirmed its 2012 guidance, were up 1% to $69.32 in recent after-hours trading. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Amgen Inc. (AMGN)
DateTimeHeadline
12/02/201616:00:00Amgen Announces Launch Of Blood Counts™ And Collaboration With S...
12/02/201609:00:00Amgen And Allergan Submit Biosimilar Marketing Authorization...
12/01/201616:00:00Amgen To Present At The Citi 2016 Global Healthcare Conference
11/30/201618:31:00The Lancet Publishes Results From COSMIC-HF Trial Showing Omecamtiv...
11/30/201618:30:00The Lancet Publishes Results From COSMIC-HF Trial Showing Omecamtiv...
11/30/201610:00:00Amgen Announces Presentation Of New Data In Acute Lymphoblastic...
11/16/201616:30:00Amgen Announces Erenumab Significantly Reduces Monthly Migraine...
11/15/201616:00:00Amgen And Allergan Submit Biosimilar Biologics License Application...
11/15/201612:28:00Repatha® (Evolocumab) Regresses Atherosclerosis In Patients...
11/14/201609:00:00New 'Ten To Watch' List Highlights Top Amgen Scholars Poised...
11/12/201616:30:00Results From Phase 3 BRIDGE Study Show Romosozumab Significantly...
11/11/201616:00:00European Commission Approves Parsabiv™ (etelcalcetide) For T...
11/10/201616:00:00Amgen To Webcast Investor Meeting At Upcoming American Heart...
11/10/201608:33:00Amgen Announces Collaboration With Janssen To Co-Fund Studies...
11/07/201616:00:00Data To Be Presented At ACR/ARHP 2016 Annual Meeting Show Amgen's...
11/04/201617:26:00FDA Approves Expanded Use Of ENBREL® (etanercept) To Treat Children...
11/04/201608:50:00Regeneron Revenue Growth Slows
11/03/201617:25:27Statement of Changes in Beneficial Ownership (4)
11/03/201616:01:00Amgen To Present At The Credit Suisse 25th Annual Healthcare...
11/02/201609:00:00Amgen Appoints Lori Johnston As Senior Vice President, Human...

Amgen Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US