Document AbbVie Inc. Guidance Including the Impact of Acquired IPR D and Milestones Expense (Unaudited) (in millions, except per share data) Quarter Ended
Sunday, June 30, 2024 1 min read
Key Takeaway: AbbVie Inc. has updated its guidance to reflect the impact of acquired IPR D and associated milestones expense. For the second quarter of 2024, the company expects its adjusted diluted EPS to range from $2.53 to $2.57, accounting for additional expenses totaling $937 million. Full-year guidance for 2024 presents a diluted EPS range of $10.61 to $10.81, which also incorporates these expenses. The company specifies that future expenses from acquired assets beyond Q2 2024 cannot be reliably forecasted, leading to a conservative outlook.
Market Sentiment Analysis
CONCERNS & RISKS
Increased expenses from acquired IPR D and milestones will negatively impact EPS, reducing it by $0.52 in Q2 2024.
Revenue guidance reflects significant adjustments due to the expenses associated with acquisitions.
Full Press Release Details
Guidance Including the Impact of Acquired IPR D and Milestones Expense
(in millions, except per share data)
Quarter Ended June 30, 2024
Full-Year Ended December 31, 2024
Acquired IPR D and Milestones Expense
Adjusted Diluted EPS Range
Acquired IPR D and Milestones Expense
Adjusted Diluted EPS Range
Low
High
Low
High
Previously announced guidance excluding Q2 2024 acquired IPR D and milestones expense
$
-
$
3.05
$
3.09
$
164
$
11.13
$
11.33
Q2 2024 acquired IPR D and milestones expense
937
(0.52)
(0.52)
937
(0.52)
(0.52)
Guidance including Q2 2024 acquired IPR D and milestones expense a
$
937
$
2.53
$
2.57
$
1,101
$
10.61
$
10.81
a The Company's 2024 adjusted diluted EPS guidance excludes any impact from acquired IPR D and milestones expense that may be incurred beyond the second quarter of 2024, as both cannot be reliably forecasted.
Frequently Asked Questions
What is the Q2 2024 milestones expense?
The Q2 2024 milestones expense is $937 million.
What is the adjusted diluted EPS for Q2 2024?
The adjusted diluted EPS for Q2 2024 ranges from $2.53 to $2.57.
How much is the full-year milestones expense?
The full-year milestones expense is set at $1,101 million.
What is the full-year adjusted EPS range?
The adjusted diluted EPS range for the full year is $10.61 to $10.81.
Are future milestones expenses predictable?
No, future milestones expenses beyond Q2 2024 cannot be reliably forecasted.