Abbott beats quarterly profit, but pulls 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 quarterly profit, but pulls 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-fueled uncertainty. Shares of the company, which makes products ranging from laboratory test kits to children’s protein drink PediaSure, rose 2% in premarket trading. Abbott 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. However, sales in its diagnostics unit fell nearly 1% to $1.83 billion, as increased use of its tests for the fast-spreading virus could not offset the decline in demand for its other diagnostic tests. Sales at the company’s nutrition products division rose 6.3% to $1.90 billion, benefiting from increased demand for ch
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ABT
Earnings
- 7/18/24 - Beat
ABT
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- ABT's page on the SEC website