AbbVie (ABBV) released earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $822 million, or $0.46 per share. This compares with $2.473 billion, or $1.38 per share, in last year's fourth quarter.
Excluding items, AbbVie reported adjusted earnings of $4.959 billion or $2.79 per share for the period.
Analysts on average had expected the company to earn $2.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 5.4% to $14.301 billion from $15.121 billion last year.
AbbVie earnings at a glance (GAAP) :
-Earnings (Q4): $822 Mln. vs. $2.473 Bln. last year.-EPS (Q4): $0.46 vs. $1.38 last year.-Analyst Estimates: $2.77-Revenue (Q4): $14.301 Bln vs. $15.121 Bln last year.
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