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0.00121117510900573 0.00279916025192448 -0.0107929159713624 -0.0128653711578835 -0.0120310060827906 -0.0255692523012327 -0.0155568714001185 -0.0105506809495613
Stock impact report

AbbVie lifts profit forecast on strong sales of newer immunology drugs [Yahoo! Finance]

AbbVie Inc. (ABBV) 
Last abbvie inc. earnings: 5/1 07:43 am Check Earnings Report
US:NYSE Investor Relations: investors.abbvie.com/investor-overview
Company Research Source: Yahoo! Finance
The company said its updated forecast did not reflect any trade policy shifts, including possible U.S. tariffs on the pharmaceutical sector. Shares of AbbVie and other major drugmakers have plummeted over the past month due to investor concerns around a probe into the sector as U.S. President Donald Trump's administration has sought to impose tariffs on the industry. Earlier this week, peer Merck estimated $200 million in tariff-related costs. According to its latest annual filing, the company has more than 600 facilities worldwide, which include a significant manufacturing presence in Ireland, where it makes its wrinkle treatment Botox. Global sales of AbbVie's flagship arthritis drug Humira halved from last year to $1.12 billion in the first quarter, missing estimates of $1.32 billion, according to data compiled by LSEG. This marked the third straight quarter when Humira missed sales expectations as the drug, once the world's biggest in terms of sales, faces competition f Show less Read more
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