Categories AlphaGraphs, Earnings, Health Care
ABBV Infographic: AbbVie’s Q1 2023 earnings and revenue decline
Pharmaceutical company AbbVie, Inc. (NYSE: ABBV) reported a decrease in first-quarter 2023 adjusted earnings and revenues. The company also provided guidance for fiscal 2023.
Total revenues decreased 9.7% year-over-year to $12.23 billion, reflecting weakness in the main operating segments.
At $2.46 per share, adjusted net income was lower than the $3.16 per share reported in the prior-year period. First-quarter unadjusted profit dropped to $239 million or $0.13 per share from $4.49 billion or $2.51 per share in the first quarter of 2022.
“This year is off to an excellent start, with first-quarter revenues and EPS ahead of our expectations, driven by strong commercial execution across all areas of our diversified portfolio,” said Richard A. Gonzalez, CEO of AbbVie.
Prior Performance
Most Popular
Accenture (ACN) likely to extend revenue growth in Q4 2025 despite challenges
Accenture (NYSE: ACN) has consistently delivered quarterly revenue growth across its operating segments this year, pushing both top-line and earnings above analysts' estimates. That momentum is expected to continue when
Darden Restaurants (DRI): A look at the restaurant chain’s performance in Q1 2026
Shares of Darden Restaurants, Inc. (NYSE: DRI) were down over 2% on Friday. The stock has dropped 17% year-to-date. The restaurant operator delivered sales and earnings growth for the first
Intuit (INTU) reaffirms first-quarter and fiscal 2026 financial guidance
Financial technology company Intuit Inc. (NASDAQ: INTU) has published its financial outlook, reaffirming first-quarter and full-year guidance. For the first quarter of fiscal 2026, the company continues to expect revenue
