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Stock impact report

Abbott Laboratories Resets Portfolio With Exact Sciences Cancer Diagnostics Deal [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
Abbott Laboratories, NYSE:ABT, is repositioning its business after ongoing challenges in its Nutrition segment. The company is advancing a major acquisition of Exact Sciences to expand into oncology diagnostics. Management is also increasing focus on diabetes and cardiovascular products as part of a broader transformation. Abbott Laboratories, NYSE:ABT, is in the middle of a significant reset as it contends with persistent pressure in its Nutrition business. The stock closed at $109.3, with a 1.8% gain over the past week, but returns over the past month, year, and five years show declines of 12.8%, 13.0%, and 3.4% respectively. That mixed picture helps explain why the company is making bigger moves rather than relying on incremental tweaks. The planned acquisition of Exact Sciences puts cancer diagnostics at the center of Abbott's next phase, alongside a sharper push into diabetes and cardiovascular products. For investors, the key questions now are how well Abbott integrates Show less Read more
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