AbbVie (NYSE:ABBV) Q2 Adjusted Earnings, Net Revenue Drop

AbbVie (NYSE:ABBV) reported Q2 adjusted earnings  of $2.91 per diluted share, down from $3.37 a year earlier.

Analysts polled by Capital IQ expected $2.81.

Net revenue for the quarter ended June 30 was $13.87 billion, down from $14.58 billion a year earlier.

Analysts surveyed by Capital IQ expected $13.52 billion.

The company said it is raising its full-year 2023 adjusted earnings guidance to $10.90 to $11.10 per diluted share from $10.57 to $10.97. Analysts polled by Capital IQ expect adjusted EPS of $10.89.

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