AbbVie (ABBV) Tops Q3 EPS by 8c, Updates FY EPS Guidance

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AbbVie (ABBV) Falls Following Q3 Release - Softness in US Sales Likely to 'Raise Concerns'

October 28, 2022 9:53 AM EDT

AbbVie (NYSE: ABBV) shares are down more than 5% in early Friday trading after the company reported third-quarter earnings before the open, missing revenue expectations.

The company reported earnings of $3.66 per share, $0.08 better than the analyst estimate of $3.58, while revenue for the quarter came in at $14.81 billion versus the consensus estimate of $14.93 billion.

Following the report, Mizuho Securities analyst Uy Ear told investors in a note... More