AbbVie Stock: AbbVie Earnings Edge Past Views

AbbVie stock fell a fraction early Friday after the pharma company reported adjusted earnings of $3.11 per share on $13.96 billion in second-quarter sales.




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On average, analysts polled by FactSet expected AbbVie (ABBV) to earn $3.08 a share on $13.63 billion in sales.

In the year-earlier period, AbbVie earned $2.34 per share and reported $10.43 billion in sales.

For the year, AbbVie guided to adjusted EPS of $12.37-$12.57 vs. its prior target of $12.52-$12.62. Analysts called for adjusted profit of $12.60 per share and $55.91 billion in sales.

In premarket trading on the stock market today, AbbVie stock fell 0.3% to 118.50. Shares had closed Friday just above 118.38 buy point out of a flat base, according to MarketSmith.com.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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