Thursday, April 16, 2020

Abbott Laboratories Q1 Adj. Earnings Beat View; Suspends FY20 Outlook

Medical devices and healthcare company Abbott Laboratories (ABT) on Thursday reported a 16 percent decline in profit for the first quarter from last year as an increase in sales was offset by higher operating costs and expenses, while the year-ago period's results were boosted by a tax benefit. However, adjusted earnings per share for the quarter beat analysts' estimates.

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