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0.000233940017779362 0.00378982828802683 0.0094043887147335 0.0173583493192345 0.00874935666495099 0.0131474289992045 0.0108080288214101 0.0147223131988957
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Abbott (ABT) Faces Profit Headwinds as Pediatric Nutrition Remains Under Pressure [Yahoo! Finance]

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: Yahoo! Finance
A Reuters report said Abbott Laboratories (NYSE:ABT) warned that its current-quarter profit would come in below expectations after the company also fell short of Wall Street's revenue forecasts on January 22. Pressure has been building in Abbott's pediatric nutrition business, which has struggled in recent quarters after losing a major US government supply contract last year. At the same time, higher manufacturing costs for consumer packaged goods have weighed on results. CEO Robert Ford explained that rising production costs pushed prices higher, which ultimately hurt demand as consumers became more sensitive to price increases. “We'll have a couple quarters here where growth in nutrition is going to be challenged, and then in the second half, we'll return to positive growth,” Ford said. Performance across the company was broadly weaker than expected. All four business segments missed sales estimates. Nutrition sales dropped 8.9% year over year to $1.94 billion, while the diagno Show less Read more
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