AbbVie Inc. (ABBV)
Want $1 Million in Retirement? 2 Stocks to Buy Now and Hold for Decades.
Many people set a goal to save $1 million for retirement. This amount may or may not be sufficient in today's economy, but it's at least a good start.
AbbVie Q4 Earnings: Strong Revenue Results, Ambitious Forecasts - A Buy With Caveats
AbbVie's Q4 and full-year 2024 earnings surpassed expectations, driven by strong performance from Skyrizi and Rinvoq, despite Humira's revenue decline due to patent expirations. Management's guidance for 2025 and beyond is bullish, projecting high single-digit revenue growth through 2029, with Skyrizi and Rinvoq expected to generate $31 billion in combined sales by 2027. AbbVie's M&A strategy faced setbacks, notably with the Cerevel acquisition, but the company remains optimistic about future approvals and growth in oncology and neuroscience.
AbbVie Q4 Earnings: Good 2025 Outlook Despite Enhanced Old And New Headwinds
AbbVie Inc. reported strong Q4 2024 results, driven by Skyrizi, Rinvoq, neuroscience products, and eye care, and this offset worse-than-expected Humira erosion. 2025 guidance includes $59 billion in revenue and $12.12-$12.32 adjusted EPS, and includes a worse outlook for Humira and additional headwinds from the Medicare Part D benefit redesign. Management expects high single-digit revenue growth through 2029, and over the next eight years, as there are no major products losing exclusivity throughout this period.
AbbVie Beats on Q4 Earnings & Sales, Raises Sales View for Key Drugs
ABBV's fourth-quarter earnings and sales beat estimates. Management raises the 2027 forecast for newer immunology drugs to more than $31 billion.
Why AbbVie Stock Is Jumping Today
Shares of AbbVie (ABBV 6.98%) were jumping 7.1% higher as of 11:10 a.m. ET on Friday after rising as much as 9.2% earlier in the day.
AbbVie Inc. (ABBV) Q4 2024 Earnings Call Transcript
AbbVie Inc. (NYSE:ABBV ) Q4 2024 Earnings Conference Call January 31, 2025 9:00 AM ET Company Participants Liz Shea - Senior Vice President, Investor Relations Rob Michael - Chief Executive Officer Jeff Stewart - Executive Vice President, Chief Commercial Officer Roopal Thakkar - Executive Vice President, Research & Development, Chief Scientific Officer Scott Reents - Executive Vice President, Chief Financial Officer Carrie Strom - Senior Vice President of AbbVie, and President of Global Allergan Aesthetics Conference Call Participants Vamil Divan - Guggenheim Securities Chris Schott - J.P. Morgan Geoff Meacham - Citigroup Terence Flynn - Morgan Stanley Mohit Bansal - Wells Fargo David Risinger - Leerink Partners Steve Scala - TD Cowen Tim Anderson - Bank of America Chris Raymond - Piper Sandler Trung Huynh - UBS Chris Shibutani - Goldman Sachs Operator Good morning and thank you for standing by.
PCE Inflation Increased In Line With Expectation
Today's pre-market activity is positive, with futures in the green across major indexes: the Dow is +110 points at this hour, with the S&P 500 +26 and the Nasdaq leading the way, +158 points. The small-cap Russell 2000 is +5.
December PCE Steady with Expectations; Plenty of Mixed Q4 Earnings
PCE results were as in-line with expectations as one could expect: +0.3% on headline month over month, +2.6% year over year.
AbbVie shares rise as new drug sales offset Humira decline in Q4
Abbvie Inc (NYSE:ABBV) shares surged after the company posted a positive financial report for the fourth quarter, with sales growth of newer drugs offsetting a steep decline in Humira revenue. Earnings per share of $2.16 topped estimates of $2.13, but marked a decline from $2.79 in the year-ago quarter.
AbbVie Investors Trigger Trend-Following Signal: Time to Load Up
AbbVie NYSE: ABBV is a high-quality, dividend-growing pharmaceutical company with a robust outlook for growth: now is a good time to load up on shares. Fears of Humira's patent cliff are behind it, with Skyrizi, Rinvoq, and the diversified portfolio of products gaining traction.
AbbVie Stock Soars as Biotech Tops Sales Estimates, Raises Outlook
AbbVie (ABBV) stock was one of the top gainers in the S&P 500 Friday morning as the biotech firm posted better-than-expected sales and gave strong guidance on higher demand for two of its drugs to treat inflammation.
Compared to Estimates, AbbVie (ABBV) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for AbbVie (ABBV) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
