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-0.00107552581261943 -0.0018323773103887 -0.00272864882090493 -0.00462077756532822 -0.00756851497769271 -0.0133843212237093 -0.00123486297004451 -0.00123486297004451
Stock impact report

Abbott US diabetes device sales up 27% amid largely positive Q1 [Yahoo! Finance]

Insulet Corporation (PODD) 
Last insulet corporation earnings: 2/25 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.insulet.com/investor-relations
Company Research Source: Yahoo! Finance
The medtech giant posted an increase in year-over-year overall revenue of 4%, giving total takings of $10.36bn. After reporting a positive adjusted first-quarter profit of $1.09 per share, shares in the company rose 1% at market open today (16 April). Share prices rose further into the mid-morning. Abbott has a market cap $218.9bn. Abbott's medical device business was the strongest driver of revenue in the first quarter, driven by strong performance in the diabetes segment. A strong year for the company's diabetes devices led to a 16.5% sales increase compared to the same quarter in 2024. Abbott's US market saw a particularly high jump in growth – a 27% year-over-year change to bring diabetes sales in the US alone to $748m. This compares to $1.08bn generated internationally for the Diabetes Care unit. Sales of continuous glucose monitors (CGM), which includes the company's FreeStyle Libre range, grew 18.3% to reach $1.7bn. The company boosted manufacturing capacity for its diab Show less Read more
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