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Abbott: Q3 Earnings Snapshot

Abbott: Q3 Earnings Snapshot

ABBOTT PARK, Ill. (AP) — ABBOTT PARK, Ill. (AP) — Abbott Laboratories (ABT) on Wednesday reported third-quarter profit of $1.44 billion.

On a per-share basis, the Abbott Park, Illinois-based company said it had profit of 82 cents. Earnings, adjusted for non-recurring costs, came to $1.14 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The maker of infant formula, medical devices and drugs posted revenue of $10.14 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $9.79 billion.