Abbott Stock Is Rising. Earnings Beat and Guidance Was Strong.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Healthcare-products firm Abbott beat third-quarter estimates despite a drop in sales of Covid-19 testing kits. It raised the midpoint of earnings guidance...

Abbott Laboratories stock was rising Wednesday after the maker of healthcare products reported strong earnings and revenue.

Sales declined slightly from the prior year, led by a 33% drop in diagnostics-segment revenue from 2022, and worldwide Covid-19 testing-kits sales were $305 million in the quarter compared with $1.67 billion a year ago. Newsletter Sign-up Abbott also narrowed 2023 adjusted earnings-per-share guidance to $4.42 to $4.46, lifting the midpoint to $4.44. In its second-quarter report, Abbott had guided 2023 earnings per share of $4.30 to $4.50, with a midpoint of $4.40.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 3. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Abbott Labs shares rise as company beats earnings estimates, raises full-year guidanceEleanor Laise is a healthcare reporter for MarketWatch and is based in Washington.
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

S&P 500 falls as Nvidia slip, rising yields overshaddow quarterly earningsS&P 500 falls as Nvidia slip, rising yields overshaddow quarterly earnings
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Stock futures inch lower on Tuesday evening as earnings season picks up steam: Live updatesWall Street assessed fresh earnings reports from financial institutions and grappled with a rise in bond yields during regular trading.
La source: NBCNewYork - 🏆 270. / 63 Lire la suite »

Stock futures inch lower on Tuesday evening as earnings season picks up steam: Live updatesWall Street assessed fresh earnings reports from financial institutions and grappled with a rise in bond yields during regular trading.
La source: NBCPhiladelphia - 🏆 569. / 51 Lire la suite »

Stock Market Today: Morgan Stanley, P&G Earnings in SpotlightOil prices rally; Treasury yields hold above 4.8%
La source: WSJ - 🏆 98. / 63 Lire la suite »

European Stock Market: Indices pare intraday losses, tracking corporate earningsEuropean stock markets started the day on a downturn, influenced by surging crude oil prices, increased tensions in the Middle East, and persistently
La source: FXStreetNews - 🏆 14. / 72 Lire la suite »