AbbVie rises on 4th-qtr and full-year 2024 results
US pharma major AbbVie (NYSE: ABBV) has posted financial results for the fourth quarter and full year ended December 31, 2024, that pleased investors and sending the firm’s shares up 7.8% to $189.19 by mid-morning Friday.
AbbVie reported full-year net revenues of $56.334 billion, an increase of 3.7% on a reported basis and 4.6% on an operational basis.
Full-year diluted earnings per share (EPS) of $2.39 on a generally-accepted accounting (GAAP) basis, and a decrease of 12.1%; adjusted diluted EPS of $10.12, registered a decrease of 8.9%. These results include an unfavorable impact of $1.52 per share related to 2024 acquired IPR&D and milestones expense, AbbVie noted.
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