Amgen: Q4 Earnings Snapshot

THOUSAND OAKS, Calif. (AP) — THOUSAND OAKS, Calif. (AP) — Amgen Inc. (AMGN) on Tuesday reported fourth-quarter profit of $627 million.

The Thousand Oaks, California-based company said it had net income of $1.16 per share. Earnings, adjusted for non-recurring costs, came to $5.31 per share.

The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $5.03 per share.

The world’s largest biotech drugmaker posted revenue of $9.09 billion in the period, also beating Street forecasts. Eleven analysts surveyed by Zacks expected $8.86 billion.

Amgen expects full-year earnings in the range of $20 to $21.20 per share, with revenue in the range of $34.3 billion to $35.7 billion.

Amgen shares have risen 11% since the beginning of the year, while the S&P’s 500 index has increased 27%. In the final minutes of trading on Tuesday, shares hit $288.59, a decrease of 10% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMGN at https://www.zacks.com/ap/AMGN

Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up