AbbVie (NYSE:ABBV) 4Q16 Profit Up 6.2%; Beats Street View


AbbVie (NYSE:ABBV) 4Q16 Profit Up 6.2%; Beats Street View

AbbVie (NYSE:ABBV) ABBV: (%) reported third quarter earnings , before market open today, that beat street view.

On a GAAP basis, ABBV reported net income of $ 1.39 billion or 85 cents per share, compared with income of $ 1.52 billion or 92 cents per share, a year ago period.

Excluding items, the company announced Non-GAAP adjusted income of $ 1.96 billion or $ 1.20 per share, where as analysts from Thomson Reuters expected $ 1.19 a share.

The company Net Revenue rose 6.19% to $ 6.80 billion, Analysts from Thomson Reuters estimated $ 6.92 billion.

ABBV issued GAAP diluted EPS guidance for the full-year 2017 of $4.55 to $4.65, at the same time expects to deliver adjusted diluted EPS guidance of $5.44 to $5.54, representing growth of 13.9 percent at the mid-point.

The full year 2017 adjusted diluted EPS guidance excludes $0.89 per share of intangible asset amortization expense and other specified items.