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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