Amgen (AMGN) Tops Q1 EPS by 15c, Offers FY Guidance

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Go back to Amgen (AMGN) Tops Q1 EPS by 15c, Offers FY Guidance

Amgen Reports First Quarter 2017 Financial Results

April 26, 2017 4:05 PM EDT

THOUSAND OAKS, Calif., April 26, 2017 /PRNewswire/ -- Amgen (NASDAQ: AMGN) today announced financial results for the first quarter of 2017. Key results include:

Total revenues decreased 1 percent versus the first quarter of 2016 to $5.5 billion. GAAP earnings per share (EPS) increased 12 percent to $2.79 driven by higher operating margins. GAAP operating income increased 8 percent to $2.6 billion and GAAP operating margin increased 4 percentage points to 49.8 percent. Non-GAAP EPS increased 9 percent to $3.15 driven by higher operating margins. Non-GAAP operating income increased 5 percent to $3.0... More