logo
Plus   Neg
Share
Email

Abbott Laboratories Guides FY20 Adj. EPS In Line - Quick Facts

While reporting its financial results for the fourth quarter on Wednesday, Abbott Laboratories (ABT) initiated earnings and organic sales growth guidance for the full-year 2020. The company also provided outlook for the first quarter of fiscal 2020.

For fiscal 2020, the company now expects earnings from continuing operations in a range of $2.35 to $2.45 per share and adjusted earnings from continuing operations in a range of $3.55 to $3.65 per share on organic sales growth of 7.0 to 8.0 percent, which excludes the impact of foreign exchange.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $3.60 per share for the year. Analysts' estimates typically exclude special items.

For the first quarter, the company projects earnings from continuing operations in a range of $0.40 to $0.42 per share and adjusted earnings from continuing operations in a range of $0.69 to $0.71 per share. The Street is looking for earnings of $0.72 per share for the quarter.

On December 13, 2019, the board of directors of Abbott increased the company's quarterly dividend by 12.5 percent to $0.36 per share, payable to shareholders of record at the close of business on January 15, 2020 on February 14, 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lowe's Companies Inc. (LOW) and Office Depot Inc. (ODP) reported profit for their fourth-quarter, while TJX Companies' (TJX) profit increased 17 percent from the prior year. TJX plans to increase dividend by 13 percent and to buy back up to $2.25 billion of stock. Starbucks is introducing plant-based meat to its menu in Canada in early March. The Seattle-based coffee chain said it will introduce a new Beyond Meat, Cheddar and Egg Sandwich to its Canadian stores on March 3, along with the launch of its new spring menu. The meatless breakfast sandwich will be part of Starbucks Canada's core menu. Auto major Ford Motor Co. issued a safety compliance recall for a total of 217,185 F-150 pickup trucks with LED headlamps in North America, including 50,989 in Canada, to fix issues with the headlamps that could increase risk of a crash. The F-150 has been the top selling U.S. vehicle by any manufacturer for more than 40 years.
Follow RTT
>