Abbott beats quarterly profit, but pulls forecast on coronavirus concerns [Yahoo! Finance News]
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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Source: Yahoo! Finance News
FILE PHOTO: Boxes of Abbott's heart stents are pictured inside a store at a hospital in New Delhi) - Abbott Laboratories 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 chi
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ABT
News
- Abbott Laboratories (NYSE: ABT) had its price target lowered by analysts at Barclays PLC from $141.00 to $140.00. They now have an "overweight" rating on the stock.MarketBeat
- Should You Pick Abbott Stock At $105 After An Upbeat Q1? [Forbes]Forbes
- Why I Believe Abbott Is Much Better Positioned In Today's Rising Inflation Scenario [Seeking Alpha]Seeking Alpha
- D-dimer Testing Market to hit USD 2 Bn by 2032, says Global Market Insights Inc. [Yahoo! Finance]Yahoo! Finance
- We Think Some Shareholders May Hesitate To Increase Abbott Laboratories' (NYSE:ABT) CEO Compensation [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