Amgen Q3 Profit Tops View; Lifts FY13 Revenue Outlook - Quick Facts

(RTTNews) - Amgen Inc. (AMGN) Tuesday reported third-quarter net income of $1.4 billion or $1.79 per share, compared to $1.1 billion or $1.41 per share in the comparable quarter last year.

Adjusted net income for the quarter rose to $1.5 billion or $1.94 per share from $1.3 billion or $1.67 per share last year. Analysts polled by Thomson Reuters expected earnings of $1.77 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter increased 10 percent to $4.75 billion from $4.32 billion in the year-ago period, while twenty analysts estimated revenues of $4.60 billion for the quarter.

Looking forward to the full year 2013, the company now expects adjusted earnings of $7.35 to $7.45 per share and revenues of $18.3 billion to $18.5 billion. Analysts currently estimate earnings of $7.32 per share on revenues of $18.33 billion for the full year.

Previously, the company expected adjusted earnings to be above the midpoint of $7.30 to $7.45 per share and revenues of $17.8 billion to $18.2 billion.