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AbbVie Stock (ABBV) Wobbles as Humira Sales Decline Overshadows Strong Q3 Earnings

AbbVie Stock (ABBV) Wobbles as Humira Sales Decline Overshadows Strong Q3 Earnings

Author:

Global Cryptocurrency

Published:

2025-10-31 21:16:02

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BTCCSquare news:

AbbVie's shares fell nearly 5% despite posting better-than-expected Q3 earnings, as investor focus shifted to plunging sales of its blockbuster drug Humira. The biopharma giant reported $1.86 EPS (beating $1.77 estimates) and $15.78 billion revenue (up 9% YoY), but Humira's global sales collapsed 55% to $993 million amid patent expirations.

While newer immunology drugs Skyrizi and Rinvoq showed growth, Humira's erosion continues to weigh on sentiment. The stock drop reflects persistent concerns about AbbVie's ability to replace revenues from what was once the world's top-selling drug. Management raised full-year guidance, but the market appears skeptical about the transition timeline.

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