AMGN Amgen Inc

 By Maria Armental 
 

Amgen Inc. lowered its per-share profit projection for the year and said it now expects share buybacks for the year at the high end of its $3 billion to $5 billion range.

Amgen now expects $8.84 to $9.90 a share in profit, down from its earlier view of $9.11 to $10.71 a share.

It maintained its view of $16 to $17 a share on an adjusted basis and $25.8 billion to $26.6 billion in revenue.

It still expects to spend about $900 million in capital projects.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

August 03, 2021 16:16 ET (20:16 GMT)

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