AbbVie reports better than expected 1st-qrt 2024 financials
US pharma major AbbVie (NYSE: ABBV) announced financial results for the first quarter of 2024, showing that worldwide net revenues were $12.310 billion, an increase of 0.7% on a reported basis, or 1.6% on an operational basis.
The figure was 3% above consensus analysts forecast, but AbbVie’s shares had declined more than 4% to $160.32 by late-morning trading.
Adjusted diluted earnings per share (EPS) were $2.30, down 6.1%, but 2% above consensus, driven by lower financial expenses. Net earnings attributable to AbbVie were $1,369 million, compared to $239 million in the like 2023 quarter.
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