The drug maker increased dividend by 5.8% to $1.64 per share.
AbbVie raised its annual profit forecast on Wednesday after strong sales of its newer immunology drugs and key cancer treatment helped the company beat Wall Street estimates for third-quarter earnings.
These 3 dividend growth stocks have crushed the market and show no signs of slowing down.
AbbVie Inc ABBV will be reporting its third-quarter earnings on Wednesday. Wall Street expects $2.92 in EPS and $14.28 billion in revenues as the company reports before market hours.
Let's look at five pharma and drug companies, PFE, LLY, ABBV, MRK and BMY, that are scheduled to release their third-quarter 2024 results this week.
U.S. drugmaker AbbVie said on Monday it would acquire Aliada Therapeutics for $1.4 billion in cash, gaining access to the therapy developer's Alzheimer's disease drug candidate.
These healthcare stocks have fantastic dividend track records.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for AbbVie (ABBV), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Investor focus will likely be on the sales performance of ABBV's blockbuster immunology drugs, Rinvoq and Skyrizi, when it reports third-quarter results this month.
These stocks yield between 2.8% and 3.3% in dividends.
In the closing of the recent trading day, AbbVie (ABBV) stood at $189.65, denoting a +0.94% change from the preceding trading day.
AbbVie will report Q3 2024 results next week and I expect to see a beat-and-raise quarter. The outperformance should be driven by top growth products Skyrizi and Rinvoq, the strong performance of neuroscience and oncology segments and by the return to growth of the aesthetics segment. I also expect the company to increase the full-year revenue guidance by $300-500 million.