Stock Analysis
AbbVie (NYSE:ABBV) First Quarter 2024 Results
Key Financial Results
- Revenue: US$12.3b (flat on 1Q 2023).
- Net income: US$1.37b (up by US$1.14b from 1Q 2023).
- Profit margin: 11% (up from 1.9% in 1Q 2023).
- EPS: US$0.77 (up from US$0.13 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AbbVie Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 16%.
Looking ahead, revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Biotechs industry in the US.
Performance of the American Biotechs industry.
The company's shares are down 4.1% from a week ago.
Risk Analysis
You should learn about the 4 warning signs we've spotted with AbbVie.
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About NYSE:ABBV
AbbVie
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals worldwide.
Reasonable growth potential average dividend payer.