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AbbVie Stock Rises on Stronger-Than-Expected Results, Profit Outlook Lift

The AbbVie logo is seen on the side of a building, with the American and Irish flags in the background.

Rob Stothard / Bloomberg via Getty Images

Key Takeaways

  • AbbVie's first-quarter sales and adjusted earnings per share topped estimates.
  • The drugmaker lifted its full-year adjusted EPS forecast by 10 cents.
  • However, the company noted its business could be impacted by tariffs that President Trump has said he plans to place on the industry.

AbbVie (ABBV) on Friday reported first-quarter results that came in above analysts' estimates, and lifted its full-year profit guidance.

The drugmaker generated adjusted 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $2.46 on revenue that r꧅ose 8% year-over-year to $13.34 billion. Analysts polled by Visible Alpha expected $2.40 and $12.92 billion, respectively.

Sales of Skyrizi and Rinvoq soared more than 70% and 57%, respectively, but those of Humira fell by half. The three immunology drugs made up nearly half of AbbVie's Q1 revenue at a combined $6.26 billion.

AbbVie Raises Full-Year Profit Outlook

AbbVie lifted its full-year adjusted EPS profit forecast to a range of $12.09 to $12.29 from the prior $11.99 to $12.19. The company said its current outlook is "based on the existing trade environment and does not reflect any trade policy shifts, including pharmaceutical sector tariffs, that could impact AbbVie's business."

President Trump has said that he plans to place tariffs on the drug industry, which were exempted from the first round of tariffs 澳洲幸运5官方开奖结果体彩网:announced earlier this month.

AbbVie shares, which entered the day 1.5% highe🍃r this year, were up nearly 3% early Friday afternooꦕn.

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