Despite lower profits, AbbVie's results inline with estimates

27 April 2023

US pharma major AbbVie (ABBV) today reported earnings for first quarter of 2023 that were lower than the same period of last year but came in line with the Wall Street estimates.

The firm’s shares tumbled as low as %147.75 pre-market, and were down around 7% at $150.36 by mid-morning.

AbbVie’s revenue for the quarter fell 9.7% to $12.23 billion from $13.54 billion last year.

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