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Amgen Posts Upbeat Results, Joins OneSpan, Paylocity Holding, MercadoLibre And Other Big Stocks Moving Higher On Friday

Benzinga ·  May 3 22:15

U.S. stocks were higher, with the Dow Jones index gaining over 400 points on Friday.

Shares ofAmgen Inc. (NASDAQ:AMGN) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results. Also, the company announced a $50 million milestone payment from Royalty Pharma.

Amgen reported quarterly earnings of $3.96 per share, which beat the analyst consensus estimate of $3.87 by 2.33%. The company said EPS decreased by 1% due to higher operating and interest expenses driven by the Horizon acquisition, partially offset by higher revenues, according to data from Benzinga Pro.

The company reported quarterly sales of $7.447 billion...

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