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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 falls as Nvidia slip, rising yields overshaddow quarterly earningsS&P 500 falls as Nvidia slip, rising yields overshaddow quarterly earnings
Source: Investingcom - 🏆 450. / 53 Read more »
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.
Source: NBCNewYork - 🏆 270. / 63 Read more »
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.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »
Stock Market Today: Morgan Stanley, P&G Earnings in SpotlightOil prices rally; Treasury yields hold above 4.8%
Source: WSJ - 🏆 98. / 63 Read more »
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
Source: FXStreetNews - 🏆 14. / 72 Read more »