AbbVie's Estimate for 2020 Adjusted Earnings Tops Analysts' Consensus
February 07 2020 - 8:26AM
Dow Jones News
By Allison Prang
Biopharmaceutical company AbbVie Inc. (ABBV) is expecting
adjusted earnings for the current fiscal year that are higher than
analysts' consensus.
AbbVie said Friday it expects 2020 adjusted earnings to be
between $9.61 a share and $9.71 a share. According to FactSet,
analysts are expecting $9.45 a share.
The company said it expects GAAP earnings to be between $7.66
and $7.76 a share. It also said it is guiding for revenue growth
operationally to approach 8%.
For the first quarter, AbbVie is expecting between $2.28 a share
and $2.30 a share in adjusted earnings, it said. Analysts'
consensus is $2.12 a share.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
February 07, 2020 08:11 ET (13:11 GMT)
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