Friday, July 29, 2011

Amgen Inc. (NASDAQ: AMGN): Q2 2011 Earnings Roundup

Amgen Inc. (NASDAQ: AMGN) said Friday that its second-quarter profit rose to $1.17 billion, or $1.25 a share, from $1.2 billion, or $1.25 a share, in the year-earlier quarter. On an adjusted basis, the company earned $1.37 a share in the latest quarter. Revenue climbed 4.1% to $4 billion.

"Our products recorded a strong 8 percent growth during the quarter," said Kevin Sharer, chairman & CEO at Amgen. "Our business has momentum and we expect to be at the upper end of our revenue and EPS guidance ranges for the year."

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