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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