financetom
Business
financetom
/
Business
/
AbbVie Flags Hit to Q2 Adjusted Earnings from R&D Expenses, Revises 2024 Outlook
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AbbVie Flags Hit to Q2 Adjusted Earnings from R&D Expenses, Revises 2024 Outlook
Jul 5, 2024 1:05 AM

03:57 AM EDT, 07/05/2024 (MT Newswires) -- AbbVie ( ABBV ) expects its Q2 adjusted earnings to take a $0.52 per-share hit from acquired in-process research and development and milestones expense of $937 million on a pre-tax basis, according to a Wednesday regulatory filing.

The company expects Q2 adjusted EPS of $2.53 to $2.57, including the impact, the filing showed. Analysts surveyed by Capital IQ expect normalized EPS of $3.06.

For full-year 2024, AbbVie ( ABBV ) now expects adjusted EPS of $10.61 to $10.81, compared with its prior guidance range of $11.13 to $11.33. Analysts polled by Capital IQ expect $11.25.

Price: 164.00, Change: +0.16, Percent Change: +0.10

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-BKV Announces Acquisition of Control Position in BKV-BPP Power Joint Venture to Accelerate Growth Strategy
BRIEF-BKV Announces Acquisition of Control Position in BKV-BPP Power Joint Venture to Accelerate Growth Strategy
Oct 29, 2025
Oct 29 (Reuters) - BKV Corp ( BKV ): * BKV ANNOUNCES ACQUISITION OF CONTROL POSITION IN BKV-BPP POWER JOINT VENTURE TO ACCELERATE GROWTH STRATEGY * BKV CORP ( BKV ) - TO BUY 75% INTEREST IN BKV-BPP POWER * BKV CORP ( BKV ) - TO PAY $376 MILLION LESS 25% OF NET INDEBTEDNESS * BKV CORP ( BKV...
US issues general license for German assets of Russia's Rosneft, website shows
US issues general license for German assets of Russia's Rosneft, website shows
Oct 29, 2025
WASHINGTON, Oct 29 (Reuters) - The United States issued a Russia-related general license authorizing transactions involving Rosneft Deutschland GmbH and RN Refining & Marketing GmbH, according to a posting Wednesday on a Treasury Department website. The transactions are authorized through 12:01 a.m. EDT, April 29, 2026, the website said. Washington had floated a six-month deadline for Berlin to sort out...
--John Malone to Step Down as Chair of Liberty Global, Liberty Media, Financial Times Reports
--John Malone to Step Down as Chair of Liberty Global, Liberty Media, Financial Times Reports
Oct 29, 2025
10:25 AM EDT, 10/29/2025 (MT Newswires) -- Price: 11.00, Change: +0.05, Percent Change: +0.46 ...
This Is Why Supermicro Stock Is Up Today
This Is Why Supermicro Stock Is Up Today
Oct 29, 2025
Shares of Super Micro Computer, Inc. ( SMCI ) are trading higher Wednesday after the cloud computing company announced Supermicro announced the creation of a federal subsidiary called Super Micro Federal LLC, which will accelerate its expansion into the federal market. SMCI shares are advancing steadily. Get the market research here. What To Know: The new entity will work on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved