Amgen Q1 2024 Adj EPS $3.96 Beats $3.87 Estimate, Sales $7.447B Beat $7.436B Estimate
Portfolio Pulse from Benzinga Newsdesk
Amgen reported Q1 2024 adjusted EPS of $3.96, surpassing the $3.87 estimate, with sales of $7.447B also beating the $7.436B estimate. This represents a 21.98% increase in sales compared to the same period last year.
May 02, 2024 | 8:02 pm
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POSITIVE IMPACT
Amgen's Q1 2024 earnings and sales exceeded analyst expectations, with a significant year-over-year sales growth of 21.98%.
Beating both earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The substantial year-over-year sales growth further underscores the company's strong performance and may boost investor confidence in Amgen's growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100