Demand continues to return for Amgen in third quarter
California’s Amgen (Nasdaq: AMGN) has reported third-quarter 2021 financial results showing total revenues increased 4% to $6.71 billion, driven by higher demand.
The positive result, which was partially offset by lower net prices, was a touch higher than analysts had expected, with the Financial Times consensus forecast coming in at $6.68 billion.
Following Generally Accepted Accounting Principles (GAAP), the earnings per share (EPS) figure decreased 3% to $3.31, due to a $400 million licensing-related expense from a collaboration with Kyowa Kirin (TYO: 4151).
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