BUZZ-AbbVie rises after lifting annual profit forecast, beating Q2 estimates

Reuters
Jul 31
BUZZ-AbbVie rises after lifting annual profit forecast, beating <a href="https://laohu8.com/S/QTWO">Q2</a> estimates

** Shares of drugmaker AbbVie ABBV.N rise 3.5% to $196 premarket

** AbbVie raises its annual adj. profit per share to between $11.88 and $12.08, from previous expectations of $11.67 to $11.87

** Company earned quarterly profit per share of $2.97 compared with analysts' average estimates of $2.88 per share - data compiled by LSEG

** AbbVie's second-quarter revenue came in at $15.42 billion vs estimate of $15.03 billion

** Skyrizi recorded Q2 sales of $4.42 billion, beating estimates of $4 billion while Rinvoq sales of $2.03 billion topped estimates of $1.97 billion

** Up to last close, stock up 6.5% YTD

(Reporting by Siddhi Mahatole)

((siddhi.mahatole@thomsonreuters.com))

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