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Amgen Reports Better-Than-Expected Q1 Results, $50M Milestone Payment
Amgen Inc. (NASDAQ:AMGN) reported first-quarter financial results after the closing bell Thursday. Here's a look at the highlights.
The Details: Amgen reported quarterly earnings of $3.96 per share, which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues.
The company reported quarterly sales of $7.447 billion, which beat the analyst consensus estimate of $7.436 billion ...