AbbVie Posts Strong Financial Results, Lifts 2025 Profit Forecast

Published 4 hours agoABBV

AbbVie Posts Strong Financial Results, Lifts 2025 Profit Forecast

AbbVie Inc. has reported solid financial results that have resulted in a stock price increase, even as the company navigates potential risks. In the first quarter, AbbVie's adjusted earnings per share (EPS) came in at $2.46, above Wall Street's prediction of $2.38. Additionally, the pharmaceutical giant experienced a revenue boost, recording $15.1 billion in the fourth quarter—1.9% higher than analysts expected, as noted by financialcontent.com.

Much of AbbVie's success can be attributed to its newer immunology drugs, Skyrizi and Rinvoq, which outperformed expectations. Skyrizi reported $3.43 billion in sales, and Rinvoq brought in $1.72 billion during the first quarter. Despite a significant 49% drop in Humira sales, a previously top-selling arthritis drug, the impressive numbers from Skyrizi and Rinvoq have contributed to AbbVie's positive outlook. Reuters highlighted that these strong sales figures have led the company to raise its adjusted EPS forecast for 2025 to a range of $12.12 to $12.32.

To further solidify its financial health, AbbVie announced a 5.8% increase in its dividend for 2025, set to take effect in February. However, the company faces potential challenges, including the risk of U.S. tariffs on pharmaceuticals, which could impact its profits. Nevertheless, AbbVie's focus on expanding its immunology portfolio and strong recent performances have maintained investor confidence.

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