Earnings Growth Boosts AbbVie

AbbVie (ABBV) is a leading pharmaceutical company that was spun out from Abbott Laboratories (ABT) in 2013. The shares have been strong in the past few years along with the overall drug group. The success of the shares has been driven by both earnings growth and an upward revaluation in the stock multiple.

Earnings growth has been a meaningful contributor to the story, with earnings rising from $3.14 per share in 2013 to an estimated $4.21 for 2015. Earnings should take another step up in 2016 to over $5 per share, driven by the strong performance in ABBV's leading rheumatoid arthritis franchise, Humira, and an earnings contribution from its newly launched hepatitis C drug, Viekira Pak. Early data released in the past week on AbbVie/Enanta's next-generation hepatitis C combo looked favorable, and suggest that ABBV's hepatitis C franchise should continue to be a contributor to the company's results well into the future....520 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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