Abbott Laboratories' Q3 Earnings: Revenue And EPS Beat, Company Says Well-Positioned To Achieve Upper End Of Annual Forecast
Portfolio Pulse from Vandana Singh
Abbott Laboratories reported strong Q3 earnings with revenue and EPS beating expectations. The company is well-positioned to achieve the upper end of its annual forecast, driven by significant growth in Medical Devices. Despite a decline in COVID-19 testing sales, Abbott's diversified business model shows resilience.
October 16, 2024 | 1:08 pm
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Abbott Laboratories reported Q3 earnings with revenue of $10.64 billion, beating expectations. Strong growth in Medical Devices and a slight decline in Nutrition sales were noted. The company is on track to meet the upper end of its annual forecast.
Abbott's Q3 earnings exceeded expectations with strong performance in Medical Devices, which is a key growth area. Despite a decline in COVID-19 testing sales, the overall business model remains strong, supporting a positive outlook for the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100