Abbott Laboratories Reports Net Earnings of $1.32 Billion in Q1 2023

Abbott Laboratories,(ABT) a leading global healthc are company, has released its financial results for the first quarter of 2023. The company's condensed consolidated statement of earnings reveals that net sales for the three months ended March 31, 2023, amounted to $9.75 billion. This figure represents a decrease compared to the same period in 2022 when net sales were $11.90 billion.

Net Income/Loss

During the first quarter of 2023, Abbott Laboratories reported a net income of $1.32 billion. This is a significant decline compared to the first quarter of 2022, during which the company recorded a net income of $2.45 billion.

Revenue