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Tuesday, April 27, 2021

Amgen Stock Dips On Lighter-Than-Expected First-Quarter Sales, Profit

Amgen stock dipped late Tuesday after the biotech giant reported adjusted income of $3.70 per share on $5.9 billion in sales for its first quarter ended March 31.

On average, analysts polled by FactSet expected Amgen (AMGN) to earn $4.04 per share and $6.27 billion in sales.

In the year-earlier period, Amgen earnings were $4.22 a share and sales were $6.16 billion.

For the year, Amgen guided to adjusted earnings of $16-$17 per share and $25.8 billion to $26.6 billion in sales. Analysts called for profit of $16.84 a share and $26.4 billion in sales.

In after-hours trading on the stock market today, Amgen stock fell a fraction near 255.10.

https://www.investors.com/news/technology/amgen-stock-amgen-earnings-q1-2021/?src=A00220

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