NORTH CHICAGO, Ill. (AP) - AbbVie Inc. (ABBV) on Friday reported third-quarter earnings of $1.24 billion.
NORTH CHICAGO, Ill. (AP) — AbbVie Inc. (ABBV) on Friday reported third-quarter earnings of $1.24 billion.
The North Chicago, Illinois-based company said it had profit of 74 cents per share. Earnings, adjusted for non-recurring costs and amortization costs, came to $1.13 per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The drugmaker posted revenue of $5.94 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $5.89 billion.
AbbVie expects full-year earnings in the range of $4.26 to $4.28 per share.
AbbVie shares have fallen 17 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 1.5 percent. The stock has dropped roughly 10 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABBV at http://www.zacks.com/ap/ABBV
Keywords: AbbVie, Earnings Report