Amgen Inc. Q3 Profit Climbs 10%

(RTTNews) - Amgen Inc. (AMGN) released earnings for its third quarter that gained ground compared to the same period last year.

The company said its bottom line advanced to $2.28 billion, or $3.02 per share. This was higher than $2.08 billion, or $2.72 per share, in last year's third quarter.

Analysts had expected the company to earn $2.79 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.6% to $5.81 billion. This was up from $5.72 billion last year.

Amgen Inc. earnings at a glance:

-Earnings (Q3): $2.28 Bln. vs. $2.08 Bln. last year. -Earnings Growth (Y-o-Y): 9.6% -EPS (Q3): $3.02 vs. $2.72 last year. -EPS Growth (Y-o-Y): 11.0% -Analysts Estimate: $2.79 -Revenue (Q3): $5.81 Bln vs. $5.72 Bln last year. -Revenue Change (Y-o-Y): 1.6%

-Guidance: Full year EPS guidance: $11.40-$11.55 Full year revenue guidance: $22.6-$22.8 Bln