Abbott: Q3 Earnings Snapshot
By AP News
Published - Oct 16, 2024, 07:38 AM ET
Last Updated - Dec 16, 2024, 06:18 PM EST
ABBOTT PARK, Ill. (AP) — ABBOTT PARK, Ill. (AP) — Abbott Laboratories (ABT) on Wednesday reported third-quarter earnings of $1.65 billion.
On a per-share basis, the Abbott Park, Illinois-based company said it had profit of 94 cents. Earnings, adjusted for non-recurring costs, came to $1.21 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The maker of infant formula, medical devices and drugs posted revenue of $10.64 billion in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $10.56 billion.
