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Stock impact report

Abbott Labs Clocks Q1 Profit Beat, CEO Says Diversification And Execution Enable Navigation During Uncertainty [Yahoo! Finance]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research Source: Yahoo! Finance
First-quarter sales increased 4% on a reported basis, 6.9% on an organic basis, or 8.3% when excluding COVID-19 testing-related sales The U.S. MedTech giant reported adjusted EPS of $1.09, beating the consensus of $1.07 and the management guidance of $1.05-$1.09 “Once again, Abbott's diversified business model delivered top-tier sales and EPS growth,” said Robert Ford, chairman and CEO of Abbott. “It is this diversification and execution that allows Abbott to navigate through periods of uncertainty and continually deliver sustainable growth.” Also Read: Analyst Cautiously Optimistic On DexCom As Competitive Pressures Loom Medical Device sales increased 9.9% to $4.89 billion with organic growth of 12.6%, led by Diabetes Care, Structural Heart, Heart Failure and Electrophysiology. Several products, including FreeStyle Libre, Navitor, TriClip, Amplatzer Amulet, and AVEIR, contributed to the strong performance. In Diabetes Care, sales of continuous glucose monitors were $1.7 Show less Read more
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