AMGEN EXPECTED TO MEET ESTIMATES.Byline: Robert Monroe Staff Writer THOUSAND OAKS Thousand Oaks, residential city (1990 pop. 104,352), Ventura co., S Calif., in a farm area; inc. 1964. Avocados, citrus, vegetables, strawberries, and nursery products are grown. - A quarterly earnings report to be released today will likely show Amgen's steady ascent continuing, analysts said Tuesday. A First Call/Thomson Financial consensus of analysts estimates the biotechnology leader will post second-quarter earnings of 27 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , exceeding the company's net income of 25 cents per share in the second quarter of 1999. Individual analysts are mixed on the company's potential to do better than expected. ``Tough call in the short run, but I think they'll be on target,'' said Edward Jones Edward, Eddie, or Ed Jones is the name of: Edward Jones:
Dennis Harp of Deutsche Bank Alex. Brown Deutsche Bank Alex. Brown is the private client services division of Deutsche Bank Securities, the U.S. corporate and investment arm of German banking colossus Deutsche Bank. It is the organization successor to the 200 year-old investment bank Alex. believes the company will match or exceed his 26 cents-per-share earnings estimate. Harp said the company's strong second-quarter sales will be tempered by its investments as it gears up for next year's production of at least two new drugs in addition to mainstays Epogen, an anemia medication, and cancer drug Neupogen. ``The real reason investors should be excited about Amgen is its pipeline of drugs coming to market,'' said Harp. The company's stock finished Tuesday down $1.13 to $73.63. It peaked over the weekend at $80.44 before dipping to the $74 range as investors sought to cash in on Amgen's highest share price since splitting in November. Kirby thinks the company has benefited from a rediscovery Noun 1. rediscovery - the act of discovering again discovery, find, uncovering - the act of discovering something rediscovery n → redescubrimiento of biotech bi·o·tech n. Informal Biotechnology. biotech Noun short for biotechnology Noun 1. stocks by investors in recent weeks but added Amgen is a victim of high expectations. Any failure to meet them could send its share price tumbling. ``They have very little room to disappoint,'' Kirby said. |
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