Categories AlphaGraphs, Earnings, Health Care

ABBV Infographic: AbbVie’s Q3 earnings beat estimates; revenue up 3%

Pharmaceutical company AbbVie, Inc. (NYSE: ABBV) reported a sharp increase in third-quarter adjusted earnings. The bottom line topped expectations, while revenues missed. The company also provided guidance for fiscal 2022.

AbbVie Q3 2022 earnings infographic

Total revenues increased 3.3% year-over-year to $14.81 billion, aided by a strong performance by the immunology and neuroscience segments. But the top line missed the Street view.

At $3.66 per share, adjusted net income was sharply higher than the $2.83 per share profit reported in the prior-year period, and above the consensus forecast. Third-quarter unadjusted profit increased to $3.95 billion or $2.21 per share from $3.18 billion or $1.78 per share in the third quarter of 2021.


Check this space to read management/analysts’ comments on AbbVie’s Q3 2022 earnings


“We continue to see strong momentum from our key immunology assets, Skyrizi and Rinvoq, and this performance – combined with strength from other growth drivers within our diverse portfolio – has mitigated the impact of temporary economic headwinds on our aesthetics products to deliver another quarter of strong results,” said Richard A. Gonzalez, CEO of AbbVie.

Prior Performance

  • Abbvie Q2 2022 earnings infographics
  • AbbVie Q3 2021 earnings infographic

Most Popular

Earnings: Hewlett Packard Enterprise (HPE) Q4 earnings beat Street view

Information technology solutions provider Hewlett Packard Enterprise (NYSE: HPE) Tuesday reported higher earnings and revenues for the fourth quarter of 2022. The bottom line also exceeded analysts' forecasts. Fourth-quarter profit,

Intuit (INTU) Q1 2023 Earnings: Key financials and quarterly highlights

Intuit (NASDAQ: INTU) reported first quarter 2023 earnings results today. Total revenue grew 29% year-over-year to $2.6 billion. Net income was $40 million, or $0.14 per share, compared to $228

Pinterest (PINS): Here are three factors that work in favor of this social media company

Shares of Pinterest Inc. (NYSE: PINS) were down on Tuesday. The stock has dropped 33% year-to-date and 39% over the past 12 months. Pinterest was one of the stocks that

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