AbbVie Q2 Profit Tops Estimates; Confirms 2015 Adj. EPS Guidance - Quick Facts

(RTTNews) - AbbVie (ABBV) reported second quarter net income of $1.37 billion or $0.83 per share, compared to $1.10 billion or $0.68 per share, previous year. Earnings per share, excluding specified items, was $1.08 for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $1.06 for the quarter. Analysts' estimates typically exclude special items.

Worldwide sales were $5.48 billion in the second quarter, up 11.1 percent year-over-year. On an operational basis, sales increased 19.4 percent, excluding an 8.3 percent unfavorable impact from foreign exchange rate fluctuations. Analysts expected revenue of $5.62 billion for the quarter.

AbbVie confirmed its adjusted earnings-per-share guidance for the full-year 2015 of $4.10 to $4.30. AbbVie's earnings-per-share guidance is $3.26 to $3.46 on a GAAP basis. Analysts expect the company to report earnings per share of $4.24.