Abbott Labs tops Q1 expectations, raises low end of 2024 guidance range
Time:2024-05-21 21:30:26 Source:opinionsViews(143)
ABBOTT PARK, Illinois (AP) — Abbott Laboratories reported a first-quarter profit of $1.23 billion Wednesday.
The company, based in Abbott Park, Illinois, posted net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 98 cents per share.
The results surpassed Wall Street expectations by 2 cents, according to Zacks Investment Research.
The maker of infant formula, medical devices and drugs posted revenue of $9.96 billion in the period, also beating analyst forecasts of $9.85 billion.
Abbott raised the low end of its full-year earnings forecast by five cents. It now expects earnings in the range of $4.55 to $4.70 per share.
Abbott shares, up 10% this year, fell more than 3% Wednesday.
_____
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABT at https://www.zacks.com/ap/ABT
Previous:Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
Next:Company wins court ruling to continue development of Michigan factory serving EV industry
You may also like
- China vows to actively promote restoration of int'l flights
- RICHARD EDEN: Revealed
- Lucas Tindall has inherited distinct expression from father Mike as these photos show..
- Sophie Wessex and daughter Lady Louise are Queens of the royal hand
- Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
- Norway's Arctic north wants to bring in a 26
- She's known as the no
- Oscars 2024: The Biggest Moments from the 96th Academy Awards
- 'Constantly learning' Imanaga off to impressive start with the Chicago Cubs