earnings
confidence high
sentiment neutral
materiality 0.70
AbbVie lowers 2024 adjusted EPS guidance to $10.61-$10.81 on $937M IPR&D charge
AbbVie Inc.
2024-Q2 EPS reported
$1.53
revenue$26,772,000,000
- Preliminary Q2 2024 acquired IPR&D and milestones expense of $937 million pre-tax.
- GAAP and adjusted non-GAAP diluted EPS each reduced by $0.52 in Q2.
- Q2 2024 adjusted diluted EPS guidance set at $2.53-$2.57.
- Full-year 2024 adjusted diluted EPS guidance lowered to $10.61-$10.81 from $11.13-$11.33.
- Guidance excludes any future IPR&D expense beyond Q2; final Q2 results subject to closing procedures.