AbbVie Reported GAAP Earnings, Adj Non-GAAP Earnings For Q3 Expected To Include Acquired IPR&D And Milestones Expense Of $66M On Pre-Tax Basis
Portfolio Pulse from Benzinga Newsdesk
AbbVie has reported its GAAP earnings for Q3, which are expected to include an acquired IPR&D and milestones expense of $66M on a pre-tax basis, according to an SEC filing.
October 04, 2023 | 8:15 pm
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AbbVie's Q3 GAAP earnings are expected to include an acquired IPR&D and milestones expense of $66M on a pre-tax basis. This could potentially impact the company's profitability.
The inclusion of a $66M pre-tax expense for acquired IPR&D and milestones in AbbVie's Q3 GAAP earnings could potentially reduce the company's profitability for the quarter. This could negatively impact the company's stock price in the short term.
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