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Amgen (AMGN) Stock Gains in After-Hours Trading on Earnings Beat

NEW YORK (TheStreet) -- Amgen (AMGN - Get Report) stock is advancing by 1.24% to $164.69 in after-hours trading on Wednesday, following the release of the company's 2015 third quarter financial results.

The biotechnology company posted earnings of $2.72 per share for the most recent quarter, up 18% from $2.30 per share for the year ago period.

Revenue increased by 14% year over year, to $5.72 billion from $5.03 billion for the 2014 third quarter.

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Amgen had been forecast to report earnings of $2.38 per share on revenue of $5.33 billion by analysts surveyed by...