AbbVie 1st-qtr sales and earnings beat analysts' estimates
US pharma major AbbVie (NYSE: ABBV) today posted first-quarter 2017 financial results, saying revenue came in at $6.54 billion, up 10% on an operation basis, and beating the consensus analysts’ estimate of $6.48 billion.
Net earnings were $1.71 billion, an increase of 26%. Earnings per share were 41.28, $0.02 better than the analyst estimate of $1.26. Earnings before income tax and expenses rose 17.5% to $2.09 billion. The company’s shares were up 1.34% at $65.04 in pre-market trading and rose a further 3.15% to $67.16 by mid-morning.
Full-year 2017 outlook
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