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AbbVie updates first-quarter earnings outlook after completing ImmunoGen acquisition, reflecting $0.04/share dilutive impact.
AbbVie, a pharmaceutical company, has revised its Q1 2024 earnings outlook due to the impact of its recent acquisition of ImmunoGen, a cancer drugmaker.
The adjusted diluted EPS is now expected to be between $2.26 and $2.30, compared to the previous range of $2.30 to $2.34.
The update takes into account a $0.04/share dilutive impact from the ImmunoGen acquisition.
The deal's completion has led to ImmunoGen stock ceasing trading on the Nasdaq stock exchange.
Despite this revision, AbbVie has reaffirmed its full-year 2024 adjusted diluted EPS guidance of $11.05 to $11.25.
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AbbVie actualiza las perspectivas de ganancias del primer trimestre después de completar la adquisición de ImmunoGen, lo que refleja un impacto dilutivo de 0,04 dólares por acción.