Form 8-K · Current Report · Filed 2024-05-02
Amgen Reports First Quarter 2024 Financial Results
Amgen Inc. announced its first quarter 2024 financial results, showing total revenues of $7.4 billion, a 22% increase from the prior year. Product sales rose by 22%, driven by 25% volume growth, with notable contributions from several key products including Repatha, Prolia, and TEZSPIRE. However, GAAP net loss per share was $0.21 due to a mark-to-market loss on an equity investment and higher operating expenses. Non-GAAP net income per share was $3.96, reflecting the underlying operational performance of the company.
- Filer
- Amgen Inc. AMGN · NASDAQ
- Filed
- Accession
- 0000318154-24-000018
- CIK
- 0000318154
- Signal
- Low impactHealthcare
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$277.37
Next session
+12.2%
Since filing
+38.9%
Latest close
$385.16
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Precedent
Previous filings from AMGN reporting the same item, with the next session's move:
Exhibits (1)
About Amgen Inc.
Amgen Inc. is a leading biotechnology company focused on the discovery, development, manufacturing, and marketing of human therapeutics. Established in 1980 and headquartered in Thousand Oaks, California, Amgen is recognized for pioneering biologic treatments and having a robust pipeline that targets critical areas like oncology, cardiovascular, and nephrology. The company has harnessed advanced technology platforms and deep scientific expertise to deliver innovative medicines such as Neulasta, Enbrel, and Prolia, which are significant players in the health care sector. Amgen serves markets globally, impacting the biotech industry by transforming the ways diseases are treated. Its investment in state-of-the-art manufacturing facilities and research makes it a significant entity in the pharmaceutical landscape, contributing to long-term health care solutions.
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