AbbVie arrows upwards on upgraded earnings estimate

25 April 2025

US drugmaker AbbVie (NYSE: ABBV) was trading nearly 3% higher lunchtime Friday following the presentation of its first-quarter financial results and guidance for the rest of the year.

The company reported worldwide net revenues of $13.34 billion, an increase of 8.4% on a reported basis and ahead of the $12.93 billion expected by Wall Street analysts.

AbbVie reported adjusted earnings of $2.46 per share, a 6.5% rise and above the $2.38 anticipated by analysts.

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