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Stock impact report

Abbot (ABT) is a High Quality Company, Says Jim Cramer [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
Pharma giant Abbott Laboratories (NYSE:ABT)'s shares are down 15.9% over the past year and 12% year-to-date. The stock was dealt a hefty blow in January after the firm reported its fiscal fourth quarter earnings. The results saw Abbott Laboratories (NYSE:ABT) post $11.46 billion in revenue and $1.50 in profit per share. The revenue missed analyst estimates of $11.80 billion, while the profit met the estimates. Additionally, Abbott Laboratories (NYSE:ABT)'s first-quarter profit guidance of $1.12 and $1.18 missed analyst estimates of $1.20. Following the earnings, Evercore ISI cut the firm's share price target to $138 from $144 and kept an Outperform rating. In its coverage, the financial firm noted that while Abbott Laboratories (NYSE:ABT)'s had missed its quarterly estimates, the firm's long-term picture nevertheless remained robust. Cramer, like Evercore, also kept an upbeat tone about the stock: “This is a high-quality company. One of the greatest known for a very long time. Diag Show less Read more
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