Amgen Increases 2017 Non-GAAP EPS Guidance - Quick Facts

(RTTNews) - Amgen (AMGN) announced, for the full year 2017, the company now expects: on a non-GAAP basis, EPS in the range of $12.50 to $12.70 and a tax rate in the range of 18.0 percent to 19.0 percent. Previously, the company expected non-GAAP EPS in the range of $12.15 to $12.65, and tax rate in the range of 18.5 percent to 19.5 percent.

For the full year 2017, the company now expects: total revenues in the range of $22.7 billion to $23.0 billion. Previously, the company expected total revenues in the range of $22.5 billion to $23.0 billion.

Third-quarter Non-GAAP EPS increased 8 percent to $3.27 driven by higher operating margins. Total revenues decreased 1 percent versus the third quarter of 2016 to $5.8 billion.