Amgen Inc. Q3 Profit Advances 18%

(RTTNews) - Amgen Inc. (AMGN) released earnings for its third quarter that increased from last year.

The company said its bottom line came in at $2.08 billion, or $2.72 per share. This was up from $1.77 billion, or $2.30 per share, in last year's third quarter.

Analysts had expected the company to earn $2.38 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 13.7% to $5.72 billion. This was up from $5.03 billion last year.

Amgen Inc. earnings at a glance:

-Earnings (Q3): $2.08 Bln. vs. $1.77 Bln. last year. -Earnings Growth (Y-o-Y): 17.5% -EPS (Q3): $2.72 vs. $2.30 last year. -EPS Growth (Y-o-Y): 18.3% -Analysts Estimate: $2.38 -Revenue (Q3): $5.72 Bln vs. $5.03 Bln last year. -Revenue Change (Y-o-Y): 13.7%

-Guidance: Full year EPS guidance: $9.95 - $10.10 Full year revenue guidance: $21.4 - $21.6 Bln