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AbbVie (ABBV) Tops Q2 EPS by 6c; Boosts FY16 EPS Outlook

July 29, 2016 7:38 AM

AbbVie (NYSE: ABBV) reported Q2 EPS of $1.26, $0.06 better than the analyst estimate of $1.20. Revenue for the quarter came in at $6.43 billion versus the consensus estimate of $6.2 billion.

Highlights:

GUIDANCE:

AbbVie sees FY2016 EPS of $4.73 - $4.83, versus prior guidance of $4.62 - $4.82 and the consensus of $4.75. he company's 2016 adjusted diluted EPS guidance excludes $0.91 per share of intangible asset amortization expense, acquisition related costs and accounting impacts, the impact of the Venezuelan currency devaluation, and other specified items.

For earnings history and earnings-related data on AbbVie (ABBV) click here.

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