UPDATE 1-Abbott beats quarterly profit estimates on strong medical device sales [Yahoo! Finance]
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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Source: Yahoo! Finance
profit on Wednesday and raised the lower end of its forecast, as robust demand for medical procedures boosted sales of its devices, including its glucose-monitoring products. Sales of Abbott's medical devices have been strengthened in recent quarters due to a resurgence in the demand for joint replacements as well as other surgeries that were delayed during the COVID-19 pandemic. The company recorded medical device sales of $4.45 billion, of which its glucose monitor, FreeStyle Libre, generated $1.5 billion. Analysts, on average, had estimated Abbott's medical device sales at $4.30 billion, according to LSEG data. The company recorded $9.96 billion in sales, compared to analysts' estimate of $9.88 billion. On an adjusted basis, it reported first-quarter profit of 98 cents per share, compared with analysts' estimate of 95 cents per share, according to LSEG data. The company now expects a full-year profit of $4.55 to $4.70 per share, raising the lower end from $4.50 per share.
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ABT
Earnings
- 4/17/24 - Beat
ABT
Sec Filings
- 4/29/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- ABT's page on the SEC website