Abbvie lowers guidance after $150 million charge
Abbvie Inc.
late Wednesday lowered its guidance for the year to include a charge of about $150 million. The pharma company said GAAP as well as adjusted earnings for its first quarter are expected to include expenses around in-progress research and development and milestones expenses resulting in the charge, which translates to “an unfavorable impact” of 8 cents a share on both GAAP and adjusted EPS. First-quarter results are not yet completed, AbbVie said.
late Wednesday lowered its guidance for the year to include a charge of about $150 million. The pharma company said GAAP as well as adjusted earnings for its first quarter are expected to include expenses around in-progress research and development and milestones expenses resulting in the charge, which translates to “an unfavorable impact” of 8 cents a share on both GAAP and adjusted EPS. First-quarter results are not yet completed, AbbVie said.
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