Categories AlphaGraphs, Earnings, Health Care

AbbVie Q2 2024 adj. profit drops despite higher revenues; results beat

Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Thursday announced second-quarter 2024 financial results, reporting a decline in adjusted earnings and an increase in revenues. The numbers exceeded estimates.

AbbVie Q2 2024 earnings infographic

The company reported worldwide net revenues of $14.46 billion for the June quarter, up 4.3% from the corresponding period of 2023 and above the market’s projection. All operating segments, except the Eye Care division, registered growth.

Net income, adjusted for special items, declined to $2.65 per share in Q2 from $2.91 per share in the year-ago quarter, but topped expectations. On a reported basis, second-quarter profit was $1.37 billion or $0.77 per share, compared to $2.02 billion or $1.14 per share last year.

Prior Performance

  • AbbVie Q1 2024 earnings infographic
  • AbbVie Q4 2023 earnings infographic

Most Popular

Important takeaways from Conagra Brands’ Q3 2025 report

Conagra Brands, Inc. (NYSE: CAG) has reported weaker-than-expected revenue and profit for the February quarter, with sales declining across all business segments amid softer demand and persistent supply challenges. The

Main takeaways from Lamb Weston’s (LW) Q3 2025 earnings report

Shares of Lamb Weston Holdings, Inc. (NYSE: LW) jumped 9% on Thursday after the company delivered better-than-expected results for the third quarter of 2025 and reaffirmed its outlook for the

Summary: Tesla (TSLA) reports Q1 2025 production, deliveries

Tesla Inc. (NASDAQ: TSLA) has announced results of vehicle production and deliveries for the first quarter of 2025. The company also provided data on the deployment of energy storage products

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close