NORTH CHICAGO, Ill. (AP) — NORTH CHICAGO, Ill. (AP) — AbbVie Inc. (ABBV) on Friday reported third-quarter net income of $186 million.
On a per-share basis, the North Chicago, Illinois-based company said it had net income of 10 cents. Earnings, adjusted for amortization costs and asset impairment costs, were $1.86 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.
The drugmaker posted revenue of $15.78 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $15.59 billion.
AbbVie expects full-year earnings in the range of $10.61 to $10.65 per share.
AbbVie shares have climbed 28% since the beginning of the year, while the S&P’s 500 index has increased 16%. The stock has increased 13% in the last 12 months.
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