AbbVie (ABBV) revealed a profit for third quarter that Decreased from last year but beat the Street estimates.
The company's bottom line came in at $186 million, or $0.10 per share. This compares with $1.561 billion, or $0.88 per share, last year.
Excluding items, AbbVie reported adjusted earnings of $3.306 billion or $1.86 per share for the period.
Analysts on average had expected the company to earn $1.78 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.1% to $15.776 billion from $14.460 billion last year.
AbbVie earnings at a glance (GAAP) :
-Earnings: $186 Mln. vs. $1.561 Bln. last year.-EPS: $0.10 vs. $0.88 last year.-Revenue: $15.776 Bln vs. $14.460 Bln last year.
-Guidance:Full year EPS guidance: $10.61 - $10.65
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.