Amgen raises guidance despite flat revenue in third quarter

26 October 2017

Third quarter 2017 financial results from Amgen (Nasdaq: AMGN) show a slight fall in revenue, coming in around analysts’ expectations at $5.8 billion.

The company said it was nonetheless raising its guidance, due to “strong, volume-driven growth in our recently launched products.”

Shares in the Californian biotech drifted half a percentage point in after-hours trading, to $176.50, as investors sought to interpret the news.

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