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Why AbbVie (ABBV) Shares Are Trading Lower Today – AbbVie (NYSE: ABBV)

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AbbVie Inc ABBV has actually reported Q1 readjusted EPS of $2.46, down 22.2% Y/Y, according to the agreement.

General sales lowered 9.7% Y/Y (down 8.3% on a functional basis) to $12.23 billion, defeating the agreement of $12.17 billion.

The immunology profile produced $5.59 billion in sales, down 9% (-7.8% on a functional basis). Humira sales lowered 25.2% to $3.54 billion. In Q4, Humira sales raised 4.6% to $5.56 billion.

Skyrizi sales got to $1.36 billion (+44.7% Y/Y), and also Rinvoq leapt 47.5% to $686 million, less than $1.58 billion and also $770 million in Q4, specifically.

Connected: AbbVie Can Create Diversified Development Tale Without Humira, Remainder Of The Company Has Toughness, Expert Claims

Hematologic oncology profile sales were $1.42 billion, down 14% (-12.9% on a functional basis). Imbruvica sales lowered 25.2% to $878 million. Venclexta earnings were up 13.7% to $538 million.

Sales from the neuroscience profile got to $1.69 billion, +13.9%. Visual appeals profile sales lowered 5.4% to $1.3 billion, with $659 million in Botox sales for aesthetic usages.

Advice: AbbVie has actually changed FY23 readjusted EPS assistance of $10.72 – $11.12 contrasted to previous assistance of $10.62 – $11.02 and also the agreement of $10.94.

Cost Activity: ABBV shares are down 7.27% at $150.04 on the last check Thursday.

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