AbbVie posts weak sales of newer drugs as Humira faces fresh competition, shares fall

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AbbVie (ABBV) shares slide despite revenue beat

April 27, 2023 8:55 AM EDT

AbbVie (NYSE: ABBV) shares are tumbling premarket, currently down over 6% after the company reported its first-quarter earnings, which saw it report in-line profits and a revenue beat but miss sales estimates for some of its major drugs.

The company reported Q1 EPS of... More