Shares of AbbVie (ABBV 6.95%) were jumping 7.1% higher as of 11:10 a.m. ET on Friday after rising as much as 9.2% earlier in the day. The nice gain stemmed from the big drugmaker's 2024 fourth-quarter update on Friday morning.AbbVie reported Q4 net revenue of $15.1 billion, up 5.6% and higher than the average estimate of $14.87 billion of analysts surveyed by Zacks Investment Research. The company posted a loss in Q4 of $0.02 per share based on generally accepted accounting principles (GAAP). However, it re ...

Today’s pre-market activity is positive, with futures in the green across major indexes: the Dow is +110 points at this hour, with the S&P 500 +26 and the Nasdaq leading the way, +158 points. The small-cap Russell 2000 is +5. Each of these indexes has been trading +1% or higher through the past five trading days, and between +4% (Nasdaq) and a robust +7% (Dow) off its January lows.PCE Numbers In-Line for DecemberThe Fed’s preferred gauge for inflation is the Personal Consumption Expenditures (PCE) report, w ...

Friday, January 31, 2025Today’s pre-market activity is positive, with futures in the green across major indexes: the Dow is +110 points at this hour, with the S&P 500 +26 and the Nasdaq leading the way, +158 points. The small-cap Russell 2000 is +5. Each of these indexes has been trading +1% or higher through the past five trading days, and between +4% (Nasdaq) and a robust +7% (Dow) off its January lows.PCE Numbers In-Line for DecemberThe Fed’s preferred gauge for inflation is the Personal Consumption Expe ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Key TakeawaysAbbVie's fourth-quarter revenue exceeded forecasts on higher sales of its Skyrizi and Rinvoq drugs to treat inflammation.The demand for those two treatments offset continuing falling sales of its former blockbuster medicine, Humira.AbbVie raised its long-term outlook for Skyrizi and Rinvoq revenue. AbbVie (ABBV) stock was one of the top gainers in the S&P 500 Friday morning as the biotech firm posted better-than-expected sales and gave strong guidance on higher demand for two of its drugs to tr ...

For the quarter ended December 2024, AbbVie (ABBV) reported revenue of $15.1 billion, up 5.6% over the same period last year. EPS came in at $2.16, compared to $2.79 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $14.87 billion, representing a surprise of +1.56%. The company delivered an EPS surprise of +1.41%, with the consensus EPS estimate being $2.13.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

AbbVie (ABBV) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $2.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.41%. A quarter ago, it was expected that this drugmaker would post earnings of $2.92 per share when it actually produced earnings of $3, delivering a surprise of 2.74%.Over the last four quarters, the company has surpasse ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 6, 2025 ABBVIE INC. (Exact name of registrant as specified in its charter) (State or other Jurisdiction (Commission File Number) (IRS Employer Delaware 001-35565 32-0375147 of Incorporation) Identification No.) 1 North Waukegan Road ...

Reports Full-Year Diluted EPS of $2.39 on a GAAP Basis, a Decrease of 12.1 Percent; Adjusted Diluted EPS of $10.12, a Decrease of 8.9 Percent; These Results Include an Unfavorable Impact of $1.52 Per Share Related to 2024 Acquired IPR&D and Milestones Expense  Delivers Full-Year Net Revenues of $56.334 Billion, an Increase of 3.7 Percent on a Reported Basis and 4.6 Percent on an Operational Basis   Full-Year Global Net Revenues from the Immunology Portfolio Were $26.682 Billion, an Increase of 2.1 Percent ...

Core Viewpoint - AbbVie Inc. is experiencing stagnation in its stock performance, while Novartis AG shows stronger bullish momentum ahead of their fourth-quarter earnings reports [1]. AbbVie Analysis - AbbVie stock is trading above its short-term moving averages, with the eight-day SMA at $173.14 and the 20-day SMA at $175.20 indicating bullish signals [2]. - However, longer-term trends reveal AbbVie is closely aligned with its 50-day SMA at $175.33 and below its 200-day SMA at $178.77, indicating potential downside pressure [2]. - The MACD at negative 0.89 supports a bearish outlook, while the RSI at 50.39 suggests neutral momentum [2]. - Overall, AbbVie is struggling for direction, with slight selling pressure limiting breakout potential [3]. - A strong earnings beat could help AbbVie surpass key resistance levels, but the current setup indicates vulnerability to further consolidation [3]. Novartis Analysis - Novartis is trending higher, trading above its short-term and mid-range moving averages, with the eight-day SMA at $101.27, the 20-day SMA at $99.57, and the 50-day SMA at $100.44 acting as support [4]. - The MACD at 0.68 indicates bullish momentum, and the RSI at 63.61 shows strength without being overbought [4]. - Despite the positive indicators, Novartis remains below its 200-day SMA at $106.77, suggesting some caution is warranted [4]. Investor Implications - Heading into earnings, Novartis has a technical advantage with a stronger bullish structure and upward momentum, while AbbVie is in a range and requires a catalyst for upward movement [5]. - Key resistance levels to watch are AbbVie above $177 and Novartis above $106 for potential movement post-earnings [5].