logo
Share SHARE
FONT-SIZE Plus   Neg

Abbott Labs Q1 Profit Rises; Lifts FY12 Profit View - Quick Facts

Abbott Laboratories (ABT) reported that its first-quarter net earnings rose to $1.24 billion or $0.78 per share, from $864 million or $0.55 per share in the same quarter last year.

Excluding Specified Items, net earnings for the quarter were $1.65 billion or $1.03 per share, up from $1.42 billion or $0.91 per share last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.00 per share. Analysts' estimates typically exclude special items.

Net sales for the quarter rose to $9.46 billion from $9.04 billion in the prior year quarter. Sixteen analysts had consensus revenue estimate of $9.36 billion for the quarter.

Abbott raised its full-year 2012 ongoing earnings-per-share guidance to a range of $5.00 to $5.10 from the prior outlook of $4.95 to $5.05. Analysts expect the company to report earnings of $5.01 per share for fiscal 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
We are well into the third quarter and past the middle of the year and it is time to take stock of regulatory decisions awaiting some biotech stocks in August. Despite the uncertain macroeconomic environment, the markets have run up, with the S&P 500 Index making new highs session after session. Valuation concerns may keep traders at bay. However, the biotech space is a different cup of tea. Alphabet Inc., (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the second quarter, driven mostly by increase in search and advertising revenues. Earnings and revenues for the quarter trumped Wall Street expectations, sending shares of the company up by 3 percent... Apple Inc. (AAPL) has announced that it recently sold its 1 billionth iPhone, about nine years after the first iPhone was launched. "iPhone has become one of the most important, world-changing and successful products in history. It's become more than a constant companion. iPhone is truly an essential...
comments powered by Disqus
Follow RTT