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AbbVie (NYSE:ABBV) said Wednesday it plans on reporting acquired IPR&D and milestone expenses of $937M on a pre-tax basis for Q2, which will reduce earnings per share on both a GAAP and non-GAAP basis by $0.52.
In an SEC filing, AbbVie said it now sees reporting Q2 adjusted EPS of $2.53 to $2.57. For 2024, the company expects to report adjusted EPS of $10.61 to $10.81.
Analysts were expecting AbbVie to report Q2 adjusted EPS of $3.06 and 2024 adjusted EPS of $11.25, on average.
AbbVie is slated to release its Q2 earnings report before market open on July 25.