Amgen Inc. Announces 15% Increase In Q1 Bottom Line

(RTTNews) - Amgen Inc. (AMGN) reported a profit for its first quarter that climbed from last year.

The company said its bottom line rose to $2.20 billion, or $2.90 per share. This was up from $1.92 billion, or $2.48 per share, in last year's first quarter.

Analysts had expected the company to earn $2.60 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.9% to $5.53 billion. This was up from $5.03 billion last year.

Amgen Inc. earnings at a glance:

-Earnings (Q1): $2.20 Bln. vs. $1.92 Bln. last year. -Earnings Growth (Y-o-Y): 14.6% -EPS (Q1): $2.90 vs. $2.48 last year. -EPS Growth (Y-o-Y): 16.9% -Analysts Estimate: $2.60 -Revenue (Q1): $5.53 Bln vs. $5.03 Bln last year. -Revenue Change (Y-o-Y): 9.9%

-Guidance: Full year EPS guidance: $10.85 - $11.20 Full year revenue guidance: $22.2 - $22.6 Bln