Amgen sales rise to $4.2B in 3Q

AMGEN INC. saw profits surge 144 percent and revenue rise 9.5 percent during the third quarter of 2012.
Posted 10/24/12

THOUSAND OAKS, Calif. – Amgen, one of the world’s largest biotechnology companies, saw revenue rise 9.5 percent to $4.3 billion in the three months ended Sept. 30 from $3.9 billion during the same period in 2011.

Profits for Amgen surged 144 percent to $1.1 billion, or $1.41 per diluted share, for the third quarter, compared with $454 million, or 50 cents per diluted share, during the same quarter in 2011.

Amgen noted that its third-quarter 2011 earnings were negatively impacted by a charge for a legal settlement reserve.

“We delivered solid growth in revenues and earnings,” Robert A. Bradway, Amgen’s president and CEO, said in prepared remarks. “Our marketed products are performing well and we continue to make progress with key pipeline projects.”

So far this year, Amgen, which has a production facility in West Greenwich, has seen its profits rise 29.3 percent to $3.6 billion versus a bottom line of $2.7 billion during the first nine months of 2011.

The company’s year-to-date revenue has grown 10.6 percent to $12.8 billion from $11.6 billion during the same period last year.

PBN Hosted

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News