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)

Copyright (c) 2021 Dow Jones & Company, Inc.
Amgen (NASDAQ:AMGN)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Amgen Charts.
Amgen (NASDAQ:AMGN)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Amgen Charts.