Investing.com - AbbVie (NYSE:ABBV) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
AbbVie announced earnings per share of $3.16 on revenue of $13.54B. Analysts polled by Investing.com anticipated EPS of $3.14 on revenue of $13.67B.
AbbVie shares are down 30.23% from the beginning of the year and are trading at $150.75 , down-from-52-week-high.They are under-performing the S&P 500 which is down 10.04% from the start of the year.
AbbVie shares lost 3.56% in pre-market trade the report.
AbbVie follows other major Healthcare sector earnings this month
AbbVie's report follows an earnings beat by UnitedHealth on Thursday, April 14, 2022, who reported EPS of $5.49 on revenue of $80.15B, compared to forecasts EPS of $5.36 on revenue of $78.73B.
J&J had beat expectations on Tuesday, April 19, 2022 with first quarter EPS of $2.67 on revenue of $23.43B, compared to forecast for EPS of $2.59 on revenue of $23.62B.
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