What’s Next For Abbott Stock After A 10% Drop Yesterday? [Forbes]
Abbott Laboratories (ABT)
Last abbott laboratories earnings: 4/16 07:30 am
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Source: Forbes
Fa. Abbott Laboratories GmbH in Neustadt a. R. bei Hannover (Photo by Rust/ullstein bild via... [+]Getty Images)ullstein bild via Getty Images[Updated: 6/3/2021] Abbott Revised GuidanceThe stock price ofAbbott (NYSE: ABT)The revision in earnings estimates comes after a steady rise in vaccination for Covid-19, with over 40% of the U.S. population now being fully vaccinated. This means that the demand for testing has come down, a trend expected to continue going forward. For Abbott, it was the Covid-19 tests that resulted in a large 40% rise for its Diagnostics revenue in 2020, and a massive 2.2x growth in Q1 2021. However, now with several countries working on large scale vaccination programs, it was expected that the demand for Covid-19 testing will come down.In our earlier updates on ABT stock, we discussed that as the company sees a slowdown in its Diagnostics business, Abbott’s other businesses, primarily Medical Devices, will likely drive the revenue growth. This can be attributed
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News
- Valcare Medical, Inc. Announces Corporate Restructuring and Appointment of New CEO [Yahoo! Finance]Yahoo! Finance
- Europe In-Vitro Diagnostics (IVD) Markets, 2023-2024 & 2029 with Abbott, bioMerieux, Danaher, Hoffmann-La Roche, Bio-Rad, Siemens Healthineers, Thermo Fisher Scientific, and Diasorin Dominating [Yahoo! Finance]Yahoo! Finance
- Autoimmune Collaboration and Licensing Deals Report 2024: Provides Details of 882 Autoimmune Deals Dating Back to 2016 by Company, Headline Value, Therapeutic Area and Technology Type [Yahoo! Finance]Yahoo! Finance
- Drug Discovery Global Market Report and Growth Forecasts 2023-2030: Collaborative Research Models, Personalized Medicine and Repurposing Existing Drugs Present Key Opportunities [Yahoo! Finance]Yahoo! Finance
- Rapid Influenza Diagnostic Test Market to Reach US$ 2.61 Billion by 2034: Fact.MR Report [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