Abbott beats profit estimates but suspends forecast on coronavirus concerns [Reuters]
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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Source: Reuters
Abbott beats profit estimates but suspends forecast on coronavirus concerns (Reuters) - Abbott Laboratories ( ABT.N ) beat quarterly profit estimates on Thursday as stay-at-home orders prompted customers to stockpile its nutrition products but the company suspended its full-year forecast due to the coronavirus-led uncertainty. Shelter-in-place restrictions imposed by U.S. states boosted sales of Abbott’s nutrition products for children such as PediaSure, but crimped demand for its medical devices and non-coronavirus testing kits. Sales in its diagnostics unit fell nearly 1% to $1.83 billion as increased use of its tests for the fast-spreading virus failed to offset a decline in demand for its other diagnostic tests. The company has launched three coronavirus tests in the United States, including an on-site diagnostic kit that can deliver results within minutes and heralded as a game changer by President Donald Trump. Analysts said a strong flu season prior to the outbreak helped min
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ABT
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- Rapid Influenza Diagnostic Test Market to Reach US$ 2.61 Billion by 2034: Fact.MR Report [Yahoo! Finance]Yahoo! Finance
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