NEW YORK (TheStreet) -- AbbVie
(ABBV) reported second quarter EPS of 82 cents per diluted share, beating analysts earnings expectations by 6 cents per share.
Second quarter revenue rose 5.1% over the same period last year to $4.93 billion, beating analysts guidance of $4.7 billion.
AbbVie shares are flat in early market trading today.
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TheStreet Ratings team rates ABBVIE INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:"We rate ABBVIE INC (ABBV) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, revenue growth and increase in net income. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow."
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