AbbVie stock up 2% after earnings beat and raised outlook [MarketWatch]
AbbVie Inc. (ABBV)
Last abbvie inc. earnings: 5/1 07:43 am
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Source: MarketWatch
AbbVie stock up 2% after earnings beat and raised outlook Shares of AbbVie Inc. ABBV, -1.78% rose 2% in premarket trade Thursday after the drugmaker reported first-quarter earnings and revenue that beat Wall Street expectations, while raising its full-year outlook. Profit for the latest quarter fell to $2.456 billion, or $1.65 per share, from $2.783 billion, or $1.74 per share, a year ago. Adjusted EPS was $2.14, beating the FactSet consensus of $2.06. Revenue came in at $7.828 billion, down from $7.934 billion a year ago, but above the FactSet consensus of $7.772 billion. Sales of the company's best-selling drug Humira fell 5.6% to $4.446 billion. The company had previously warned investors that Humira sales would drop this year, as competitors like Mylan NV MYL, -1.29% and Amgen Inc. AMGN, -1.20% are now selling lower-cost biosimilars in Europe. The company raised its expected full-year EPS to between $8.73 and $8.83 from between $8.65 and $8.75. Shares of AbbVie have falle
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News
- Evernorth announces Humira biosimilar available at $0 out of pocket for Accredo patients in June [Yahoo! Finance]Yahoo! Finance
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- Global Transplant Market Forecast Report 2024-2029: Investment by Major Players like Abbvie and Arthrex in Organ Transplantation is Fueling Market Growth [Yahoo! Finance]Yahoo! Finance
- Glaucoma Global Clinical Trials Review 2024: Country (G7 & E7), Trial Status, Trial Phase, Sponsor Type and End Points Status [Yahoo! Finance]Yahoo! Finance
ABBV
Earnings
- 2/2/24 - Beat
ABBV
Sec Filings
- 4/3/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- ABBV's page on the SEC website