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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Amgen Inc | NASDAQ:AMGN | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 299.48 | 301.00 | 302.25 | 4 | 09:04:20 |
From May 2019 to May 2024
By Micah Maidenberg
Amgen Inc. tweaked its profit guidance for 2020 and said its share repurchase program would fall at the lower end of the range it has given for stock buybacks.
The company on Tuesday said it now expects to earn a profit of $10.73 to $11.43 a share this year, compared with its earlier $10.65 to $11.45 a share forecast.
After adjustments, earnings are anticipated to range from $15.10 to $15.75 a share, up from prior guidance of $14.85 to $15.60 a share.
The company reiterated that it expects to generate $25 billion to $25.6 billion in sales for the year.
"Share repurchases will be executed opportunistically resulting in an amount at the lower end of our previous guidance of $3 billion to $5 billion," Amgen said.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
July 28, 2020 16:17 ET (20:17 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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