AbbVie (NYSE:ABBV) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$14.5b (up 3.8% from 3Q 2023).
• Net income: US$1.56b (down 12% from 3Q 2023).
• Profit margin: 11% (down from 13% in 3Q 2023).
• EPS: US$0.88 (down from US$1.00 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

AbbVie Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 39%.

Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Biotechs industry in the US.

The company's shares are up 8.5% from a week ago.

Risk Analysis

Don't forget that there may still be risks.

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