AbbVie (ABBV) Stock Jumps on Strong Q1 Beat and Upgraded Full-Year Forecast
AbbVie (ABBV) shares rallied in premarket trading after the company reported a strong first-quarter beat, exceeding analyst expectations for both earnings per share and revenue. First-quarter adjusted EPS came in at $2.65 per share against a consensus of $2.59, while total revenue reached $15 billion,...
Bullish Signals
- Adjusted EPS reached $2.65, surpassing the $2.59 consensus.
- Revenue hit $15 billion, a strong 12% year-over-year increase.
- Immunology segment grew 16%, driven by Skyrizi and Rinvoq gains.
- Neuroscience segment surged 26%, proving successful diversification success.
- Raised full-year 2026 EPS forecast range to $14.08–$14.28.
Bearish Signals
- Shares down 13% YTD despite strong earnings.
- Humira revenue dropped 39% amid biosimilar competition.
- GAAP net income fell to $695 million.
- EPS guidance offers little room for error.
- Stock must recover 13% decline before momentum.