Amgen Q4 Earnings: Good Quarter, Ok Guidance, But MariTide Concerns Me (Rating Downgrade)
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Amgen reported a strong Q4 2024 with a 19% revenue increase and a 13% rise in non-GAAP EPS. However, concerns about MariTide's development in obesity treatment and competition from Novo and Lilly led to a rating downgrade.
February 06, 2025 | 12:45 pm
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Amgen's Q4 2024 earnings were strong, with a 19% revenue increase and a 13% rise in non-GAAP EPS. However, concerns about MariTide's development in obesity treatment and competition from Novo and Lilly have led to a rating downgrade.
Amgen's strong earnings are overshadowed by concerns about MariTide's development in obesity treatment, a key growth area. The competition from Novo and Lilly adds pressure, leading to a rating downgrade, which is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100