Investing.com - AbbVie (NYSE:ABBV) reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AbbVie announced earnings per share of $2.83 on revenue of $12.88B. Analysts polled by Investing.com anticipated EPS of $2.76 on revenue of $12.71B.
AbbVie shares are down 8% from the beginning of the year and are trading at $80.95 , down-from-52-week-high.They are under-performing the S&P 500 which is up 2.46% from the start of the year.
AbbVie shares gained 0.35% in pre-market trade the report.
AbbVie follows other major Healthcare sector earnings this month
AbbVie's report follows an earnings beat by J&J on Tuesday, October 13, 2020, who reported EPS of $2.2 on revenue of $21.08B, compared to forecasts EPS of $1.98 on revenue of $20.2B.
Pfizer had beat expectations on Tuesday with third quarter EPS of $0.72 on revenue of $12.13B, compared to forecast for EPS of $0.69 on revenue of $12.31B.
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