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Stock impact report

Abbott Q1 Earnings Beat, Sales Miss, Stock Falls in Pre-Market [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
figure improved 11.2% from the prior-year quarter's level. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) GAAP EPS was 76 cents compared with 70 cents in the first quarter of 2024. Following the earnings announcement, ABT stock fell 0.8% at pre-market trading today. Worldwide sales of $10.36 billion were up 4% year over year on a reported basis. However, the top line missed the Zacks Consensus Estimate by 0.6%. Organically, sales improved 6.9% year over year. Organic sales, ex-COVID rose 8.3% year over year. Abbott operates through four segments — Established Pharmaceuticals, Medical Devices, Nutrition and Diagnostics. In the first quarter, Established Pharmaceuticals ' product sales increased 2.7% on a reported basis (7.8% on an organic basis) to $1.26 billion. Organic sales in key emerging markets improved 9.3% year over year. This was led by double-digit growth in several countries, including Asia, Latin America and the Middle East. In the Show less Read more
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