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-0.00257584430452214 -0.00286204922724675 -0.00257584430452214 -0.000143102461362409 0.000715512306811636 -0.000858614768174045 0.00429307384087002 0.00443617630223223
Stock impact report

Abbott Labs' Diversification And Diagnostics Leverage Paying Off Now [Seeking Alpha]

Boston Scientific Corporation (BSX) 
Last boston scientific corporation earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: investors.bostonscientific.com
Company Research Source: Seeking Alpha
SummaryAbbott posted better than expected revenue and margins in the first quarter, despite a sharp drop-off in most device businesses in the month of March.Abbott is focusing on ramping up production capacity for its three approved Covid-19 tests, and testing is a major gating factor to reopening the U.S. economy.The appeal of Abbott as a Covid-19 play is understandable, with both consumer-driven recurrent revenue and leverage in diagnostics, but the valuation looks fair now.As everyone scrambles to figure out what Covid-19 will mean for health care providers, patients, and companies,Abbott LabsABTAs a huge and well-followed company, it doesn’t surprise me that this is now reflected in the share price. Relative to a stock likeStrykerSYKA Good Quarter, With A Sharp Change In MarchAbbott saw a major shift in the business in March, as health care facilities largely shut their doors to non-essential/non-emergent customers. Even so, the March quarter was strong relative to expectations, w Show less Read more
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