Categories AlphaGraphs, Earnings, Health Care

AbbVie shares gain after Q3 results beat estimates: Infographic

AbbVie (NYSE: ABBV) reported third-quarter 2020 financial results before the regular trading hours on Friday. The pharmaceutical behemoth reported Q3 revenue of $12.9 billion, which surpassed the Wall Street consensus. Net earnings of $2.83 per share were also better than the target that analysts had projected.

ABBV shares gained 1.4% immediately following the announcement. The stock has slipped 10% since the beginning of this year.

Abbvie Q3 2020 earnings

Looking forward to listening to management/ analyst comments on Q3 results? Stay tuned here for AbbVie Q3 2020 earnings call transcript

AbbVie’s flagship arthritis drug Humira reported net revenues of $5.140 billion, which was 4% more than last year. While sales increased 7.7% in the US, international markets saw a 9% decrease due to competition from biosimilars.

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