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AbbVie (ABBV) Stock Up After Q2 Beat

NEW YORK (TheStreet) -- Shares of AbbVie (ABBV) are increasing 1.50% to $65.69 in pre-market trading this morning after the biopharmaceutical company reported better-than-expected fiscal 2016 second quarter results before today's opening bell.

AbbVie posted earnings of $1.26 per share, beating analysts projected $1.20 per share. Revenue came in at $6.45 billion, surpassing analysts expectations of $6.2 billion.

Last year, the company reported earnings of $1.08 per share on revenue of $5.47 billion for the 2015 second quarter.

"A key element to our long-term sustainable performance is our...