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Stock impact report

Abbott Labs Stock Jumps on Strong Earnings, With $500M Investment in US Facilities [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
The medical device maker also said it plans to invest $500 million in Illinois- and Texas-based facilities set to open this year. The stock has added about one-quarter of its value over the past 12 months. Abbott Laboratories ( ABT ) shares surged Wednesday after the medical device maker said it plans to invest $500 million in U.S. operations and topped Wall Street's expectations with its first-quarter results. The company said Wednesday that two new manufacturing and R&D facilities in Texas and Illinois are set to open this year. Abbott expects to hire up to 200 people in Illinois and 100 in Texas for the projects, a spokesperson said. Shares of Abbott were up close to 4% in recent trading, making the stock one of the S&P 500 's top daily performers. They've added about one-quarter of their value over the past 12 months. Abbott reported first-quarter revenue of $10.4 billion, up 4% year-over-year and roughly in line with the analyst consensus from Visible Alpha. Adjusted n Show less Read more
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