AbbVie IncBeat earnings but lowered full-year guidance, sending shares down 4%
Several major companies reported quarterly earnings, with mixed results. AbbVie beat earnings estimates by a penny to $3.65 per share on revenues of $16.99 billion, but lowered its full-year guidance, sending shares down 4%. ExxonMobil posted a negative earnings surprise of 4.35% on lower oil production, while Chevron beat estimates by 4.48%; both companies exceeded revenue estimates by 21%, though only Chevron traded higher. Colgate-Palmolive surpassed earnings estimates with $0.99 per share versus $0.95 expected, but higher tariff costs dampened its outlook, and shares fell 1.8%.
AbbVie IncBeat earnings but lowered full-year guidance, sending shares down 4%
Colgate-Palmolive CompanyHigher tariff costs dampened outlook, shares fell 1.8%
Chevron CorpBeat earnings estimates by 4.48% and exceeded revenue estimates by 21%, traded higher
Exxon Mobil CorpNegative earnings surprise of 4.35% on lower oil production, though revenue beat