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0.000109206071857496 0.000982854646718395 -0.00229332750900959 -0.00404062465873107 -0.0138691711259146 0.0115649230097193 0.0249535874194605 0.0489789232281315
Stock impact report

Abbott beats quarterly profit, but pulls forecast on coronavirus concerns [Reuters]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research 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 Show less Read more
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