Let's break down Abbvie's latest financial report for the third quarter of 2024 to check earnings and look behind the numbers to see if their business is profitable, are there major trends and restructuring and if they experience hickups and challenges. The numbers will tell us what really is going on this company, is it currently in profit of loos.
I have read the 10-Q form filed to SEC and other company financial documents to prepare this video.
As this is one of the biggest companies in the S&P 500, how it is performaing really matters: not only if you own shares, but also with respect to the economy. Knowing this helps spotting trends in the sector and influences the economic and financial triggers that move index funds.
