What to expect from AbbVie (abbv) stock in first-quarter 2022?

AbbVie ABBV, slated to report first-quarter 2022 results on Apr 29, before market open, is expected to beat expectations. In the last reported quarter, the company delivered an earnings surprise of 0.61%. AbbVie’s stock has gained 15.4% so far this year compared with an increase of 2.7% for the industry.

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Why did AbbVie stock fall 4% premarket on Friday?

AbbVie ( NYSE: ABBV) shares fell ~4% premarket on Friday after the company delivered a mixed Q3 show and narrowed its FY22 EPS outlook. Adjusted EPS grew +29.3% Y/Y to $3.66, beating analysts' expectations, but net revenues missed estimates despite rising +3% Y/Y to $14.81B.