AbbVie sees negative Q2, full-year impact from IPR&D and milestones expense

AbbVie

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  • AbbVie (NYSE:ABBV) said it will incur a negative impact of $0.42 to GAAP and non-GAAP diluted earnings per share in Q2 due to acquired IPR&D and milestones expense of $823M.
  • As a result, the company now sees Q2 adjusted diluted earnings per share of $2.84-$2.88. Consensus is $3.18.
  • AbbVie also said that its full-year EPS guidance range is now $11.67-$11.87. Consensus is $12.24.

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