Friday, October 31, 2014

AbbVie sales blow past forecasts, fueled by Humira

A screen displays the share price for pharmaceutical maker AbbVie on the floor of the New York Stock Exchange (Reuters) - AbbVie, which earlier this month walked away from its $55 billion deal to buy Dublin drugmaker Shire, reported quarterly revenue well above Wall Street expectations, fueled by soaring sales of its Humira arthritis drug. The Chicago drugmaker, which significantly boosted its full-year earnings forecast, on Friday said it earned $506 million, or 31 cents per share, in the third quarter. That compared with $964 million, or 60 cents per share, in the year-earlier period. Company sales rose 7.8 percent to $5.02 billion, topping the average analyst estimate of $4. ...








via Health News Headlines - Yahoo News http://ift.tt/1zlYTxY

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