In the most recent trading session, Amgen (AMGN) closed at $267.10, indicating a -1.14% shift from the previous trading day.
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Zacks.com users have recently been watching Amgen (AMGN) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Amgen Inc. (NASDAQ:AMGN ) 43rd Annual J.P. Morgan Healthcare Conference 2025 January 13, 2025 6:00 PM ET Company Participants Robert Bradway - Chairman, CEO & President Conference Call Participants Chris Schott - JPMorgan Chris Schott Good afternoon, everybody.
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Amgen (AMGN) closed at $262.05 in the latest trading session, marking a +1.34% move from the prior day.
Amgen (AMGN) concluded the recent trading session at $258.59, signifying a -1.01% move from its prior day's close.
Amgen (AMGN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Since my previous article, shares of Amgen meaningfully lagged the S&P 500 index. The company's revenue and non-GAAP EPS climbed higher in the third quarter. Amgen's deleveraging efforts are progressing, and the company is on pace to return to its pre-Horizon capital structure by the end of 2025.
Amgen's strong product portfolio and pipeline developments, including, but not limited to, IMDELLTRA and MariTide, support a "Strong Buy" rating for long-term investors despite upcoming patent expirations. The company reported 24% YoY revenue growth in Q3 2024, with 10 products generating over $1 billion in revenue and six showing over 30% growth. Financial health remains robust with a 22% revenue increase in 9M 2024, though net income decreased due to Horizon Therapeutics acquisition costs.
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