AbbVie rises as 3rd-qtr earnings beat estimates

28 October 2017

Shares of USA-based AbbVie (NYSE: ABBV) closed up 2.33% at $91.93 on Friday, having hit a day high of $94.97, after the company post third-quarter 2017 financial results.

AbbVie posted revenues of $7 billion, a year-on-year rise of 8.8% and in line with the Zacks Equity Research and consensus Wall Street estimates.

The company’s net earnings rose 2.1% to $1.63 billion in the third quarter. AbbVie's third-quarter earnings came in at $1.41 per share, beating the Zacks consensus estimate of $1.39.

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