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0 0.000360057609217488 -0.00240038406144987 -0.00241238598175717 -0.00648103696591462 -0.00462073931829099 -0.00688190110417675 -0.00816130580892951
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AbbVie tops earnings estimates, sticks with 2020 guidance [MarketWatch]

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: MarketWatch
AbbVie Inc. said Friday it had net income of $3.010 billion, or $2.02 a share, in the first quarter, up from $2.456 billion, or $1.65 a share, in the year-earlier period. Adjusted per-share earnings came to $2.42, ahead of the $2.25 FactSet consensus. The biopharmaceutical company said revenue rose to $8.619 billion from $7.828 billion, also ahead of the FactSet consensus of $8.325 billion. U.S. sales of Humira rose 13.7% to $3.656 billion, while international sales fell 14.9% to $1.047 billion, due to competition from biosimilars. Revenue from the company's hematologic oncology portfolio rose 32% to $1.549 billion. The company lowered its guidance for 2020 EPS to a range of $7.60 to $7.70 from a prior range of $7.66 to $7.76. It is sticking with its guidance for 2020 adjusted EPS of $9.61 to $9.71. The company said its supporting COVID-19 research by working with health officials to see if its Kaletra/Aluvia HIV therapy can be effective against the virus. It has also launched a Phase Show less Read more
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