AbbVie (ABBV) Stock Is Gaining 0.9%: Will It Exceed Expectations?

AbbVie saw a significant improvement in its stock values as its price climbed 0.9%. Currently, the price is fixed at $117.63. The company doubled its price since the drop at the end of 2019. With an average beta score of 0.8, the stock is stable and less risky. Presently, the firm is profitable with a positive EPS rate of 2.91. Prior to today’s trade, the drugmaker’s stock had risen 1% in the previous month. AbbVie’s first-quarter sales increased by 51% year over year to $13.01 billion in its first-quarter results, which were released on April 30. It also reported quarterly GAAP EPS of $1.99, beating earnings-per-share (EPS) expectations by $0.52. Many of AbbVie’s business lines saw significant growth, particularly in the immunology and aesthetics areas.

The firm is projected to announce $3.07 in earnings per share, up 31.2% from the previous quarter. According to the most current average estimate, quarterly revenue will be $13.64 billion, up 30.88% over the previous quarter.

Paul Meyer

Part-Time Reporter. Paul could do better in his engineering profession where he became a real pro. However, he chose the finance field to find a tranquil environment in his career. Today he creates a good number of great content for our team.

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