This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ340W9_L.jpg
The drugmaker’s shares were down nearly 1% at $159.50 in extended trade.
The company estimated first-quarter adjusted earnings to be between $2.31 and $2.41 per share from an earlier range of $2.39 to $2.49.
It now sees 2023 adjusted earnings to be between $10.62 and $11.02 per share, compared with its prior forecast of $10.70 to $11.10.
Analysts on average were expecting full-year earnings of $11.07 per share, according to Refinitiv IBES data.
AbbVie (NYSE:ABBV) is scheduled to report first-quarter earnings on April 27.
The company said in February that it expects sales of its flagship rheumatoid arthritis drug Humira to decline 37% this year due to competition from cheaper biosimilars in the United States, but sees that stabilizing by the end of 2024.
