Amgen profit tops expectations on Enbrel sales, tax credit

mercredi 28 janvier 2015

An Amgen sign is seen at the company's office in South San Francisco Despite pressure on overseas sales from the strong dollar that has put a crimp in pharmaceutical company profits, Amgen reiterated the 2015 forecast it provided in October for adjusted earnings of $9.05 to $9.40 per share on revenue of $20.8 billion to $21.3 billion. Amgen is less exposed to foreign exchange fluctuations than other large drugmakers as only about 25 percent of its sales come from outside the United States. Excluding items, Amgen earned $2.16 per share, topping analysts' average expectations by 11 cents, according to Thomson Reuters I/B/E/S. The results were helped by a research and development tax credit that came through in the quarter, adding about 10 cents per share to earnings, the company said.








via Business News http://ift.tt/1JZ8I5L

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