Amgen Raises 2016 Guidance - Quick Facts

(RTTNews) - Amgen (AMGN) announced, for the full year 2016, the company now expects: non-GAAP EPS in the range of $11.40 to $11.55; previously, it expected non-GAAP EPS in the range of $11.10 to $11.40. Amgen now expects total revenues in the range of $22.6 billion to $22.8 billion; previously, it expected total revenues in the range of $22.5 billion to $22.8 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $11.36 on revenue of $22.77 billion.

Third-quarter non-GAAP EPS increased 11 percent to $3.02 driven by higher revenues and higher operating margins. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $2.79 for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 2 percent versus the third quarter of 2015 to $5.8 billion. Analysts expected revenue of $5.73 billion for the quarter.