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via finance.yahoo.comBusiness & Companies

Amgen beats estimates but shares dip on biosimilar concerns

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Amgen Inc (NASDAQ:AMGN) reported third quarter results that exceeded Wall Street expectations, but shares fell 1.5% in after-hours trading Tuesday as investors weighed the impact of biosimilar competition on key products. Still guessing which stocks will beat…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishEarnings beat expectations, but shares fell after hours on biosimilar competition for key products.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Amgen reported adjusted EPS of $6.45 versus $5.76 consensus.
  2. 02Revenue rose 8% year over year to $10.4 billion, above the $10.06 billion estimate.
  3. 03Biosimilar concerns for Prolia and XGEVA overshadowed the results.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Amgen Inc.AMGNStock461.26 USDMarket closedtoday -0.90%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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