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Amgen reports strong quarterly earnings, with EPS up 24% and revenue increasing 9.4% year-over-year.
Institutional investor Kwmg LLC increased its holdings in biopharmaceutical company Amgen Inc. by 1.8%, owning 19,835 shares valued at $6.18 million.
Amgen reported a strong quarter with an EPS of $4.90, up from $3.96 last year, and revenue of $8.15 billion, a 9.4% increase year-over-year.
The company’s stock, which opened at $288.47, has a market cap of $155.11 billion.
Analysts have a mixed outlook, with an average rating of "hold" and a target price of $309.22.
Amgen’s products treat conditions including psoriasis, arthritis, and multiple myeloma.
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Amgen reporta fuertes ganancias trimestrales, con ganancias por acción en aumento del 24% y los ingresos aumentando un 9,4% año tras año.