Labor shortages? Blame corporate America
Labor shortages? Blame corporate America.
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Associated Press Finance•AbbVie lifts profit forecast after Skyrizi sales beat expectations
(Reuters) -AbbVie raised its annual profit forecast on Friday after strong sales of its immunology drug Skyrizi and cancer drug Imbruvica helped the company beat Wall Street estimates for the first quarter. Shares of AbbVie rose nearly 2.5% in premarket trading. The company now expects adjusted profit of between $11.13 and $11.33 per share for this year, compared with $10.97 to $11.17 estimated earlier.
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Microsoft reported better than anticipated Q3 earnings on Thursday, powered by growth in its cloud products.
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This company should continue to make millionaires, just as it has over the past two decades.
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