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News  ›  The Motley Fool

Why AbbVie Stock Flopped on Friday

The Motley Fool Logo The Motley Fool By Eric Volkman
Why AbbVie Stock Flopped on Friday

AbbVie reported strong Q3 earnings with 9% revenue growth and increased guidance, but stock dropped over 4% as profitability guidance fell short of analyst expectations.

Insights
AVGO   neutral

Mentioned as a potential competitor to Nvidia in the chip market


ABBV   negative

Despite beating revenue and earnings estimates, the stock declined 4.44% because the full-year adjusted net income guidance was below analyst consensus expectations, indicating potential market disappointment with future performance projections