AbbVie expected to post double-digit Q2 growth despite Humira decline

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AbbVie is projected to report a solid second quarter with double-digit growth in both earnings and revenue. Earnings per share are expected to rise 67% year-over-year to $3.61, the upper end of management's forecast, while revenue is seen growing 11% to $16.76 billion. The company recently revised its second-quarter guidance to include a $291 million pre-tax charge for acquired IPR&D and milestone expenses, reducing adjusted EPS guidance to a range of $3.57 to $3.61 and trimming its full-year adjusted earnings outlook to between $13.91 and $14.11. Despite the near-term impact, the longer-term view remains strong due to portfolio diversification, with immunology drugs Skyrizi and Rinvoq together outselling Humira annually. Investors will also watch for comments on AbbVie's $10.9 billion acquisition of Apogee Therapeutics, which is expected to bolster its immunology franchise and expand into respiratory diseases.

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Expected double-digit Q2 earnings and revenue growth, with EPS at upper end of guidance.

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