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0.000113096584483206 -0.000318932368242459 -0.00118751413707311 0.00113096584483158 0.00387129608685828 0.00508934630174172 0.00644650531553955 0.0111965618638318
Stock impact report

Look To Buy Further Dips On Abbott Laboratories [Seeking Alpha]

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: Seeking Alpha
Abbott Laboratories (NYSE:ABTEarnings will focus on Covid-19 vs guidanceAbbott Laboratories focuses on four business segments: medical devices, pharmaceuticals, diagnostics, and nutrition. The biggest driver of revenues is medical devices with almost 40% of the company's annual sales, which were $31.9 billion in 2019. The remaining business segments provide between 14% and 25% of revenue, and this provides a good balance in the business if one particular area was subject to a slowdown.In the company'sfourth quarterFull year guidance from management in 2020 was for organic sales growth of 7-8 percent. This guidance was obviously delivered before the onset of the Covid-19 virus, and the company should see at least a short-term bounce from their efforts in this area. One risk to the company is the postponement of non-urgent surgical procedures.As shown above, in the annual sales for medical devices, the company focuses on heart procedures, so these are urgent and will not be postponed, m Show less Read more
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