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home / news releases / PFE - AbbVie's Q1: Positive Surprise

PFE - AbbVie's Q1: Positive Surprise

Pfizer Inc.

2024-04-26 12:01:50 ET

Summary

  • AbbVie's Q1 earnings beat estimates, with a smaller decline in Humira sales than expected.
  • The company's next-generation drugs, Rinvoq and Skyrizi, are offsetting the decline in Humira sales.
  • AbbVie's profitability will be weaker than in previous years, and its valuation is relatively high compared to peers.

Article Thesis

For further details see:

AbbVie's Q1: Positive Surprise
Stock Information
Company Name: Pfizer Inc.
Stock Symbol: PFE
Market: NYSE
Website: pfizer.com
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