AbbVie 2nd-qtr beats expectations

27 July 2023

Shares of US pharma major AbbVie (NYSE: ABBV) were up 3.6% at $147.02 in early trading, after the company announced financial results for the second quarter ended June 30, 2023.

Worldwide net revenues were $13.865 billion, a decrease of 4.9% on a reported basis, or 4.2% on an operational basis, but still 3% high than consensus expectations.

Net earnings for the quarter came in at $2,070 million compared with $928 million in the like, 2022 quarter. Diluted earnings per share (EPS) were $1.14 on a generally accepted accounting principles (GAAP) basis. Adjusted diluted EPS, excluding specified items, was

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