ABBOTT PARK, Illinois (AP) — Abbott Laboratories reported a first-quarter profit of $1.23 billion Wednesday. The company, based in Abbott Park, Illinois, posted net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 98 cents per share. The results surpassed Wall Street expectations by 2 cents, according to Zacks Investment Research. The maker of infant formula, medical devices and drugs posted revenue of $9.96 billion in the period, also beating analyst forecasts of $9.85 billion. Abbott raised the low end of its full-year earnings forecast by five cents. It now expects earnings in the range of $4.55 to $4.70 per share. Abbott shares, up 10% this year, fell more than 3% Wednesday. _____Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABT at https://www.zacks.com/ap/ABT |
North Carolina Republicans seek hundreds of millions of dollars more for school vouchersRussell Wilson and Ciara find a buyer for $25m, 11,000sq ft mansion near SeattleRangers rookie Matt Rempe doesn't mind playing the villain role in the NHL playoffs'Cursed' steamship that vanished in 1909 with 14 men aboard is finally discovered 115 years laterBiden to travel to North Carolina to meet with families of officers killed in deadly shootingLugo gets 5th win in 7 starts, Massey adds 3EastEnders heartthrob looks completely unrecognisable as he displays his ripped physiqueBaby Reindeer stars Richard Gadd and Jessica Gunning are armJANE GREEN: The shameful truth about Barbra Streisand's acidBiden to travel to North Carolina to meet with families of officers killed in deadly shooting