Amgen Reports First Quarter 2017 Financial Results

THOUSAND OAKS, Calif., April 26, 2017 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today announced financial results for the first quarter of 2017. Key results include:

Total revenues decreased 1 percent versus the first quarter of 2016 to $5.5 billion.

GAAP earnings per share (EPS) increased 12 percent to $2.79 driven by higher operating margins.

GAAP operating income increased 8 percent to $2.6 billion and GAAP operating margin increased 4 percentage points to 49.8 percent.

Non-GAAP EPS increased 9 percent to $3.15 driven by higher operating margins.

Non-GAAP operating income increased 5 percent to $3.0 billion and non-GAAP operating margin increased 3 percentag...

Source: Amgen News Release - April 26, 2017 Category: Pharmaceuticals Tags: Uncategorized Source Type: news