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AbbVie's fourth-quarter sales top estimates despite plunging Humira revenues
AbbVieAbbVie(US:ABBV) Market Watch·2024-02-02 20:40

AbbVie Inc. ABBV, +1.94% on Friday reported fourth-quarter sales that topped analysts’ estimates, even as it faces low-cost competition for its top-selling drug, Humira. The drugmaker reported fourth-quarter net income of 822million,or46centspershare,downsharplyfrom822 million, or 46 cents per share, down sharply from 2.473 billion, or 1.38pershare,intheyearearlierperiod.Adjustedearningspershareof1.38 per share, in the year-earlier period. Adjusted earnings per share of 2.79, which included an unfavorable impact of 15 cents a share related to acquired in-process research and development expenses, matched th ...