Amgen Q2 revenue at $6.2B, up 6% YoY

Tuesday, 28. July 2020 22:04

Amgen Inc. announced on Tuesday its revenue in the second quarter of 2020 landed at $6.2 billion, marking an increase of 6% to the same period last year as a result of "higher unit demand." The company's earnings per share stood at $3.05, 15% lower than $3.57 reported in the second trimester of 2019, while its net income declined by 17% year-on-year to $1.803 billion.

"As our strong results demonstrate, we continue to reliably supply patients as we navigate the COVID-19 pandemic. We look forward to several significant pipeline updates in the second half of the year," the company's Chairman and Chief Executive Officer Robert A. Bradway said.

Amgen's stocks rose by 0.44% in the after-hours trading after the earnings report.

Related Links: Amgen Inc.
Author:
Breaking the News / JR