Question: why is amgen stock down?
Answer: Amgen stock heads lower after company Q2's profit below expectations. Shares of Amgen Inc. ... Amgen said it earned $1.8 billion, or $3.05 a share, compared with $2.18 billion, or $3.57 a share, in the year-ago period. The dip was mainly on costs related to its November 2019 acquisition of Otezla, Amgen said.