Investing.com – AbbVie (NYSE:) reported on Friday first quarter that beat analysts’ forecasts and revenue that topped expectations.
AbbVie announced earnings per share of $ 2.42 on revenue of $ 8.62B. Analysts polled by Investing.com anticipated EPS of $ 2.25 on revenue of $ 8.33B. That with comparison to EPS of $ 2.14 on revenue of $ 7.83B in the same period a year before. AbbVie had reported EPS of $ 2.21 on revenue of $ 8.7B in the previous quarter. Analysts are expecting EPS of $ 2.28 and revenue of $ 8.51B in the upcoming quarter.
AbbVie shares are down 7% from the beginning of the year , still down 16.00% from its 52 week high of $ 97.86 set on February 12. They are outperforming the which is down 10.24% year to date.
AbbVie shares gained 2.04% in pre-market trade following the report.
AbbVie follows other major Healthcare (NYSE:) sector earnings this month
AbbVie’s report follows an earnings beat by J&J on April 14, who reported EPS of $ 2.3 on revenue of $ 20.69B, compared to forecasts EPS of $ 2.02 on revenue of $ 19.73B.
Pfizer had beat expectations on Tuesday with first quarter EPS of $ 0.8 on revenue of $ 12.03B, compared to forecast for EPS of $ 0.7 on revenue of $ 11.34B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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