U.S. markets closed
  • S&P 500

    3,963.51
    +29.59 (+0.75%)
     
  • Dow 30

    33,781.48
    +183.56 (+0.55%)
     
  • Nasdaq

    11,082.00
    +123.45 (+1.13%)
     
  • Russell 2000

    1,818.29
    +11.39 (+0.63%)
     
  • Crude Oil

    72.04
    +0.58 (+0.81%)
     
  • Gold

    1,801.40
    -0.10 (-0.01%)
     
  • Silver

    23.31
    +0.06 (+0.25%)
     
  • EUR/USD

    1.0561
    +0.0047 (+0.44%)
     
  • 10-Yr Bond

    3.4910
    +0.0830 (+2.44%)
     
  • GBP/USD

    1.2235
    +0.0029 (+0.24%)
     
  • USD/JPY

    136.6650
    +0.1410 (+0.10%)
     
  • BTC-USD

    17,232.15
    +384.80 (+2.28%)
     
  • CMC Crypto 200

    405.01
    +10.32 (+2.62%)
     
  • FTSE 100

    7,472.17
    -17.02 (-0.23%)
     
  • Nikkei 225

    27,574.43
    -111.97 (-0.40%)
     

Amgen Third Quarter 2022 Earnings: Beats Expectations

Amgen (NASDAQ:AMGN) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$6.65b (flat on 3Q 2021).

  • Net income: US$2.14b (up 14% from 3Q 2021).

  • Profit margin: 32% (up from 28% in 3Q 2021).

  • EPS: US$4.01 (up from US$3.32 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amgen Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 30%.

Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Biotechs industry in the US.

Performance of the American Biotechs industry.

The company's shares are up 2.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Amgen that you need to be mindful of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here