NEW YORK (TheStreet) -- Amgen (AMGN) shares are down -5.26% to $113.11 in trading on Wednesday following the release of the company's first quarter 2014 earnings report.
The biotech company posted net income of $1.44 billion, or $1.87 per share, missing analysts consensus estimates by 7 cents.
Year over year quarterly revenue was up 7% to $4.52 billion, missing analysts estimates of $4.76 billion.
The company maintained full year guidance of revenue between $19.2 billion - $19.6 billion, or $7.90 - $8.20 per share.
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