Abbott: This fall Earnings Snapshot

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ABBOTT PARK, Ailing. (AP) _ Abbott Laboratories (ABT) on Wednesday reported fourth-quarter internet earnings of $1.03 billion.

On a per-share foundation, the Abbott Park, Illinois-based firm mentioned it had revenue of 59 cents. Earnings, adjusted for one-time positive aspects and prices, got here to $1.03 per share.

The outcomes beat Wall Avenue expectations. The typical estimate of 9 analysts surveyed by Zacks Funding Analysis was for earnings of 90 cents per share.

The maker of toddler method, medical units and medicines posted income of $10.09 billion within the interval, additionally topping Avenue forecasts. Seven analysts surveyed by Zacks anticipated $9.48 billion.

For the yr, the corporate reported revenue of $6.93 billion, or $3.91 per share. Income was reported as $43.65 billion.

Abbott expects full-year earnings within the vary of $4.30 to $4.50 per share.

Abbott shares have elevated 2.5% for the reason that starting of the yr, whereas the S&P’s 500 index has decreased 16%. The inventory has declined 9% within the final 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) utilizing information from Zacks Funding Analysis. Entry a Zacks stock report on ABT at https://www.zacks.com/ap/ABT

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