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Amgen Beats Earnings With Solid Outlook For 2015

Amgen Inc. (NASDAQ: AMGN) released its third quarter earnings report Wednesday after the markets closed. The biotech giant had $2.72 in earnings per share (EPS) on $5.72 billion in revenue compared to consensus estimates from Thomson Reuters that called for $2.38 in EPS on $5.32 billion in revenue. The same period from the previous year had $2.30 in EPS on $5.03 billion in revenue.

The fourth quarter 2015 dividend of $0.79 per share declared on Oct. 14, will be paid on Dec. 7, to all stockholders of record as of the close of business on Nov. 16. During the third quarter, Amgen repurchased 4.6 million shares of common stock at a total cost of $700 million.

In terms of guidance the company now expects 2015 full year EPS in the range of...


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