NORTH CHICAGO, Ill. (AP) — NORTH CHICAGO, Ill. (AP) — AbbVie Inc. (ABBV) on Friday reported a fourth-quarter loss of $22 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the North Chicago, Illinois-based company said it had a loss of 2 cents. Earnings, adjusted for one-time gains and costs, came to $2.16 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The drugmaker posted revenue of $15.1 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $14.87 billion.
For the year, the company reported profit of $4.28 billion, or $2.39 per share. Revenue was reported as $56.33 billion.
AbbVie expects full-year earnings in the range of $12.12 to $12.32 per share.
AbbVie shares have fallen 1% since the beginning of the year, while the S&P’s 500 index has increased 27%. The stock has increased 6.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABBV at https://www.zacks.com/ap/ABBV
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