Why Amgen Stock Was Crushing It on Wednesday
One of the healthier stocks in the healthcare field Wednesday was (NASDAQ: AMGN). The biotech and pharmaceutical company published its third-quarter results the previous day after market close, and investors were obviously pleased. In mid-session trading Wednesday they were pushing the stock's price up by more than 8%.
The quarter saw Amgen lift its total revenue by 12% year over year to $9.6 billion, fueled by double-digit increases in the sales of key drugs. Net income not according to generally accepted accounting principles (GAAP) also rose, albeit more modestly. It ticked up by 1% to just under $3.06 billion, or $5.64 per share.
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Source Fool.com
Amgen Inc. Stock
€374.85
0.920%
The stock is one of the favorites of our community with 45 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 346 € is below the current price of 374.85 € for Amgen Inc., so the potential is actually -7.7%.
