Humira still boosting AbbVie's results, which beat expectations

28 July 2017

US drugmaker AbbVie (NYSE: ABBV) today reported that second-quarter 2017 net earnings rose to $1.92 billion, or earnings per share of $1.19 per share in the second quarter, a rise of 12.7% year-on-year.

Excluding one-time items, the company earned $1.42 per share, beating analysts' estimates of $1.40 per share, according to Thomson Reuters. The company’s shares edged up in pre-market trading but were down 2.04% at $70.25 by late morning.

AbbVie's net revenue for the reporting quarter rose 7.6%to $6.94 billion. Analysts on average had expected $6.93 billion. Adjusted net revenues increased 8.9% on an operational basis.

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