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Stock impact report

Abbott Is Getting Tested [Seeking Alpha]

DexCom, Inc. (DXCM) 
Last dexcom, inc. earnings: 4/28 04:03 pm Check Earnings Report
US:NASDAQ Investor Relations: dexcom.com/investors
Company Research Source: Seeking Alpha
Ethan Miller/Getty Images NewsAbbott Laboratories (ABTEarnings performanceAbbott recently reported earnings for the prior quarter, and the results were good, but not terribly well received. At least some of that has to do with uncertainty in the forward guidance, which is largely due to uncertainty on the continuing rate of use of Covid-19 tests. Abbott's BinaxNOW antigen test is the most sold Covid-19 self test.Last quarter, Abbott had $11.5 billion in global revenue, up over 7% from the same quarter in 2020. Full year 2021 sales came in at $43.1 billion in worldwide sales, and ABT earned $5.21 in adjusted diluted EPS.Abbott provided full-year guidance for 2022's adjusted diluted EPS from continuing operations of at least $4.70, which appears to be a problem. The market was likely anticipating higher guidance. This estimate includes a forecast for $2.5 billion in Covid-19 testing-related sales, but that is probably a low estimate.It appears that the company is only providing guidance Show less Read more
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