Categories AlphaGraphs, Earnings, Health Care
Earnings: AbbVie (ABBV) Q3 profit rises, beats estimates on higher revenues
Biopharmaceutical company AbbVie Inc. (NYSE: ABBV) on Friday said its third-quarter revenues and net profit increased from last year. The results also exceeded Wall Street’s projection.
At $3.33 per share, September-quarter adjusted earnings were higher than $2.83 per share reported in the prior-year quarter and slightly above the consensus estimates. Net income, including special items, was $3.18 billion or $1.78 per share, compared to $2.31 billion or $1.29 per share in the third quarter of 2020.
Driving the bottom-line growth, net revenues increased 11% year-over-year to $14.34 billion. Market watchers were looking for slightly slower growth.
Read management/analysts’ comments on AbbVie’s Q3 results
AbbVie’s shares made modest gains on Friday morning following the earnings announcement, after closing the previous session higher.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
What to look for when Hewlett Packard (HPE) reports Q4 2024 results
Information technology company Hewlett Packard Enterprise (NYSE: HPE) is actively innovating its product portfolio to better align with the AI-driven transformation currently sweeping the industry. In recent quarters, the company's
What to expect when Dollar General (DG) reports Q3 2024 earnings
Shares of Dollar General Corporation (NYSE: DG) rose over 1% on Wednesday. The stock has dropped 38% over the past three months. The discount retailer is slated to report its earnings
Campbell Soup (CPB) to report Q1 earnings on Dec. 4. Here’s what to expect
Campbell Soup Company (NASDAQ: CPB) is gearing up to publish first-quarter results next week. The company recently rechristened itself, dropping “soup” from the name and assuming a new identity after
