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via finance.yahoo.comBusiness & Companies

Amgen rises 5.91% as higher guidance narrows remaining earnings test

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Amgen (NASDAQ:AMGN) gave investors a reason to pay up. The biotechnology company raised its full-year outlook after Tuesday's close, and shares climbed 5.91% to $488.50 at 8:28 a.m. ET in November 4 premarket trading. The stronger…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRaised guidance from a large biotech company can lift the stock in premarket trading.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Amgen raised its full-year outlook after Tuesday's close.
  2. 02Shares climbed 5.91% to $488.50 in premarket trading.
  3. 03Third-quarter revenue rose 8% to $10.4 billion.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Amgen Inc.AMGNStock477.23 USD-0.24%today +3.46%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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