WORLD PHARMA NEWS .PUBLISHED NEWS OUR RSS NEWS CHANNELS SPONSORED ADS Amgen's First Quarter 2008 Adjusted Earnings Per Share Increased 4 percent to $1.Monday, 28 April 2008 Amgen (NASDAQ:AMGN) reported adjusted earnings per share (EPS), excluding stock option expense and certain other expenses, of $1.Quarter of 2008, an increase of 4 percentpared to $1.First quarter of 2007.Net ie, excluding stock option expense and certain other expenses, decreased 4 percent to $1,218 million in the first quarter of 2008pared to $1,270 million in the first quarter of 2007.Option expense on a per share basis totaled 2 cents and 3 cents for the first quarter of 2008 and 2007, respectively.Total revenue decreased 2 percent during the first quarter of 2008 to $3,613 million versus $3,687 million in the first quarter of 2007.Adjusted EPS and adjusted net ie for the first quarter 2008 and 2007 exclude, for the applicable periods, stock option expense, certain expenses related to acquisitions, restructuring charges and certain other items.Expenses and other items are itemized on the attached reconciliation tables.EPS including the impact of stock option expense are also itemized in the notes to the attached reconciliation tables.On a reported basis and calculated in accordance with United States (U.Generally Accepted Accounting Principles (GAAP), Amgen's GAAP EPS were $1.The first quarter of 2008, an 11 percent increasepared to $0.The same quarter last year.Net ie increased 2 percent to $1,136 million in the first quarter of 2008 from $1,111 million in the first quarter of 2007.First quarter product sales were mixed, based on current trends and expectations, we are confident that revenues for the year will be within our previously announced guidance," said Kevin Sharer, chairman and CEO.Continue to be encouraged by the lasting effects of our cost management efforts.Read more Is your dog depressed, bored or in pain?
Get more Can modern infrared analyzers replace gas chromatography to measure anesthetic vapor concentrations?
