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AbbVie Boosts FY19 Adj. EPS Outlook; Boosts Dividend 10.2% - Quick Facts

While reporting financial results for the third quarter on Friday, biopharmaceutical company AbbVie Inc. (ABBV) raised its adjusted earnings guidance for the full-year 2019.

For fiscal 2019, AbbVie now projects adjusted earnings in a range of $8.90 to $8.92 per share, up from the prior guidance range of $8.82 to $8.92 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $8.90 per share for the year. Analysts' estimates typically exclude special items.

Further, AbbVie announced that its board of directors declared a 10.3 percent higher quarterly cash dividend of $1.18 per share beginning with the dividend payable on February 14, 2020 to shareholders of record as of January 15, 2020.

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