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flag AbbVie updates first-quarter earnings outlook after completing ImmunoGen acquisition, reflecting $0.04/share dilutive impact.

flag AbbVie, a pharmaceutical company, has revised its Q1 2024 earnings outlook due to the impact of its recent acquisition of ImmunoGen, a cancer drugmaker. flag 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. flag The update takes into account a $0.04/share dilutive impact from the ImmunoGen acquisition. flag The deal's completion has led to ImmunoGen stock ceasing trading on the Nasdaq stock exchange. flag Despite this revision, AbbVie has reaffirmed its full-year 2024 adjusted diluted EPS guidance of $11.05 to $11.25.

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