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Amgen Stock Falls After Hours on Light Forecast Despite Good Quarterly Earnings
Drugmaker reports $3.42 in fourth-quarter earnings per share, beating analyst estimates.
The California-based biotech giant lost some 2.6% to $187.10 shortly after 6 p.m. ET.
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Amgen returned to those losing ways in after-hours action Tuesday after the company projected 2019 full-year revenues at $21.8 billion to $22.9 billion and earnings per share at $13.10 to $14.30. That fell below analysts' previous expectations.
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All told, the company earned $3.42 per share in the quarter -- an 18% jump from the same period a year earlier. That beat analysts' consensus estimates of $3.26 in EPS, according to Zacks Investment Research. Operating income also increased 6% to $2.7 billion, while total product sales jumped 8% year over year.
For 2018 as a whole, Amgen earned $14.40 in EPS, a 14% rise from 2017. Operating income also gained 2% to $11.9 billion, while total 2018 product sales grew 3%.
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https://www.thestreet.com/investing/earn...yptr=yahoo
![[Bild: AMGNc1dl0304.png]](https://finviz.com/publish/013019/AMGNc1dl0304.png)
Drugmaker reports $3.42 in fourth-quarter earnings per share, beating analyst estimates.
The California-based biotech giant lost some 2.6% to $187.10 shortly after 6 p.m. ET.
...
Amgen returned to those losing ways in after-hours action Tuesday after the company projected 2019 full-year revenues at $21.8 billion to $22.9 billion and earnings per share at $13.10 to $14.30. That fell below analysts' previous expectations.
...
All told, the company earned $3.42 per share in the quarter -- an 18% jump from the same period a year earlier. That beat analysts' consensus estimates of $3.26 in EPS, according to Zacks Investment Research. Operating income also increased 6% to $2.7 billion, while total product sales jumped 8% year over year.
For 2018 as a whole, Amgen earned $14.40 in EPS, a 14% rise from 2017. Operating income also gained 2% to $11.9 billion, while total 2018 product sales grew 3%.
...
https://www.thestreet.com/investing/earn...yptr=yahoo
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