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Stock impact report

Why Abbott Laboratories Stock Tumbled on Thursday [Globe and Mail, The (Toronto, Canada)]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Abbott Laboratories (NYSE: ABT) more or less met analyst estimates in its first quarter, the results of which were published early Thursday morning. This clearly wasn't good enough for investors, as those folks collectively traded out of the shares in the wake of the earnings release. At market close, Abbott's stock was down by 6%. Expectations met In the quarter, Abbott's sales totaled just under $11.2 billion, nearly 8% higher year over year. Net income not under generally accepted accounting practices (GAAP) improved at a more modest rate, advancing by 5% to slightly more than $2 million, or $1.15 per share. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. Non-GAAP (adjusted) profitability matched the consensus analyst forecast, while the average pundit estimate for sales was Show less Read more
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