October 2, 2022
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Amgen earnings beat expectations

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Revenue at Amgen continued to decline in the third quarter, but net income climbed nearly 6 percent while stock buybacks propelled earnings per share up 14 percent. Revenue fell 3 percent to $5.7 billion, as biosimilar and generic competitors continued to eat into the Thousand Oaks biotech giant’s core products, such as white blood cell…

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