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Stock impact report

Amgen's Q4 tops views, but 2023 guidance falls on lower end of expectations [MarketWatch]

AbbVie Inc. (ABBV) 
Last abbvie inc. earnings: 5/1 07:43 am Check Earnings Report
US:NYSE Investor Relations: investors.abbvie.com/investor-overview
Company Research Source: MarketWatch
Amgen AMGN, said it earned $1.6 billion, or $3 a share, in the fourth quarter, compared with $1.89 billion, or $3.26 a share, in the year-ago period. Adjusted for one-time items, Amgen earned $4.40 a share. Revenue was flat at $6.8 billion, Amgen said. Analysts polled by FactSet expected the drug maker to report adjusted earnings of $4.10 a share on sales of $6.74 billion. Quarterly sales benefited from a 4% increase in product sales, the company said. Several of its drugs saw “double-digit” volume growth, Amgen said. “We executed effectively in 2022, delivering strong volume growth, advancing numerous first-in-class medicines in our pipeline, and staying on track to achieve our long-term growth objectives,” Chief Executive Robert A. Bradway said. Amgen said its drug Amjevita, a biosimilar in direct competition with AbbVie Inc.'s ABBV, anti-inflamatory drug Humira, is on track. A study to support the drug's interchangeability designation in the U.S. is ongoing, with a data Show less Read more
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