logo
Plus   Neg
Share
Email

Abbott Labs Raises 2019 Outlook

Abbott Laboratories (ABT) raised its full-year 2019 outlook.

Abbott now projects earnings per share from continuing operations to be in the range of $2.06 to $2.12, adjusted earnings per share from continuing operations of $3.21 to $3.27 and organic sales growth of 7.0 to 8.0 percent for the full year 2019. Analysts polled by Thomson Reuters expect the company to report earnings of $3.22 per share for 2019. Analysts' estimates typically exclude special items.

Previously, the company expected earnings per share from continuing operations to be in the range of $1.95 to $2.05, and adjusted earnings per share from continuing operations of $3.15 to $3.25.

For third-quarter 2019, the company expects earnings per share from continuing operations to be in the range of $0.53 to $0.55 and adjusted earnings per share from continuing operations of $0.83 to $0.85. Analysts project third-quarter earnings of $0.85 per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Libra Association, formed by major financial partners of Facebook's Libra cryptocurrency project, formalized the association at the inaugural Libra Council meeting of the members at its headquarters in Geneva, Switzerland. The current 21 member organizations formally signed onto the Libra Association charter, elected the Board of Directors, and appointed the executive team. Department store chain Kohl's Corp. has unveiled its Kohl's Cares holiday collection that includes the Disney Frozen 2 and Holiday Character bundles. The company's philanthropic program, Kohl's Cares, sells children's books as well as toys and donates the entire profit to charitable initiatives nationwide. Children's Place Inc. (PLCE) said that it will relaunch the Gymboree brand in the U.S. and Canada in early 2020. The brand will be relaunched in Gymboree website, and in shop-in-shop locations in more than 200 Children's Place stores in the U.S. and Canada.
Follow RTT
>