5 Latest Earnings That Surprised Wall Street

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In this article, we discuss the 5 latest earnings that surprised Wall Street. If you want to see more such earnings reports on the list, go directly to 10 Latest Earnings That Surprised Wall Street

5. Amgen Inc. (NASDAQ:AMGN)

Number of Hedge Fund Holders: 55

Amgen Inc. (NASDAQ:AMGN) handily surpassed profit expectations for the third quarter. The biopharmaceutical company earned $4.70 per share on an adjusted basis, up from $4.08 per share in the year-ago period and above estimates of $4.42 per share.

Revenue for the quarter inched down 1 percent versus last year to $6.65 billion but exceeded the consensus of $6.56 billion. Amgen Inc. (NASDAQ:AMGN) blamed currency headwinds for hurting its sales.

For the full year, Amgen Inc. (NASDAQ:AMGN) narrowed its adjusted earnings outlook to a range of $17.25 – $17.85 per share, from its previous projection between $17 – $18 per share.

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