AbbVie rises on news of share buy-back and beating 1st-qtr forecasts

26 April 2018

USA drugmaker AbbVie (NYSE: ABBV) today posted first-quarter 2018 results which beat expectations, as net revenue rose 21.4% to $7.93 billion, ahead of average estimate of $7.59 billion.

AbbVie’s shares were up 3.92% at $95.50 in late-morning trading.

Net earnings for the quarter increased to $2.78 billion, or earnkigns$1.74 per share, up from $1.71 billion, or $1.06 per share, a year earlier. Excluding special items, AbbVie earned $1.87 per share, which beat analysts’ estimate of $1.79.

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