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
News
- Abbott Hosts Conference Call for First-Quarter EarningsPR Newswire
- FDA sketches out plan to bolster fragile US infant formula supply management [CBS News]CBS News
- FDA sketches out plan to bolster fragile US infant formula supply management [CNN]CNN
- Abbott Laboratories (NYSE: ABT) is now covered by analysts at UBS Group AG. They set a "buy" rating on the stock.MarketBeat
- U.S. baby formula supply is still vulnerable, former FDA official tells lawmakers [CNBC]CNBC
ABT
Earnings
- 1/25/23 - Beat
ABT
Sec Filings
- 3/17/23 - Form ARS
- 3/17/23 - Form DEFA14A
- 3/17/23 - Form DEF
- ABT's page on the SEC website