AbbVie results exceed expectations
AbbVie’s (NYSE: ABBV) third-quarter 2018 financial results were better than even the company’s own chief executive had predicted.
The US drugmaker beat analysts’ expectations with its earnings and raised profit guidance for the year as a whole.
Revenue for the quarter was $8.24 billion, a reported rise of 18% on the third quarter of 2017 and marginally ahead of Wall Street estimates. This growth was driven by strong performances by the world’s top-selling drug, Humira (adalimumab), the rheumatology product with rising sales despite the imminent entry of competitors in Europe, and the blood cancer medicine Imbruvica (ibrutinib).
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