ABBV & INTC Financial Report Analysis

DividendWave
04-27

1. $AbbVie(ABBV)$

ABBV 1Q returns to top line growth

1Q YoY

Revenue +0.7% ($12.3 B, above guidance)

Humira -36%

Skyrizi +48%

Rinvoq +59%

Net income +473%

Dil. EPS +492% (adj -6%)

Raises Adj. dil. EPS guidance for FY24 from $10.97 - $11.17 to $11.13 - $11.33

ABBV 1Q highlight

Returning to revenue growth a year after Humira lost exclusivity in the US

Humira in FY22 was the highest selling drug in the world

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2. $Intel(INTC)$

INTC 1Q Data center

-10% (DCAI+Altera combined) YoY

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INTC modified the segment reporting line

DCAI 2023 = in 2024 to (DCAI+Altera)

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https://twitter.com/DividendWave/status/1783825440299204782

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Comments

  • beginnerRio
    04-28
    beginnerRio
    The change in segment reporting adds some complexity.
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