Abbott Laboratories (ABT) reported first quarter earnings from continuing operations of $0.42 per share Wednesday morning, up from $0.40 per share a year ago. The consensus estimate was for EPS of $0.41.
Looking ahead to the second quarter, Abbott forecast ongoing earnings per share in a range of $0.43 to $0.45. Analysts expect the company to earn $0.44 per share. For fiscal 2013, Abbott maintained its outlook for ongoing earnings in a range of $1.98 to $2.04 per share. Analysts expect the company to report earnings of $2.01 per share for the year.
Abbott Laboratories gapped open higher Wednesday and is currently up 0.93 at $37.33. The stock is challenging the upper end of a 2-week range.
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