Abbott's stock rises on revenue jump despite COVID-19 hit to business [MarketWatch]
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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Source: MarketWatch
Shares of Abbott Laboratories gained 1.0% in premarket trading on Thursday after the company beat revenue expectations for the quarter. The company had net earnings of $564 million, or 31 cents per share, in the first quarter of 2020, compared with $672 million, or 38 cents per share, in the same period a year ago. Adjusted earnings per share were 65 cents, against a FactSet consensus of 59 cents. Revenue was $7.7 billion for the quarter, up 2.5% from $7.5 billion in the first quarter of 2019, against a FactSet consensus of $7.4 billion. Sales in its nutrition and medical devices businesses increased, by 6.3% to $1.9 billion in nutrition (driven in part by increased consumer purchases of pediatric nutrition products in advance of shelter-in-place orders in the U.S.) and by 1.4% to $2.9 billion in devices (due to fewer sales of cardiovascular and neuromodulation devices in hospitals where those procedures slowed or were put on hold). Sales of diagnostics fell 0.8% to $1.8 billion as th
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ABT
Earnings
- 4/17/24 - Beat
ABT
Sec Filings
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- ABT's page on the SEC website