Abbott Laboratories Raises Its Outlook on Strong Medical Device Sales
Abbott(ABT) Investopedia·2024-10-17 00:46
Key TakeawaysAbbott Laboratories beat third-quarter profit and sales estimates on strong demand for its medical devices.Sales were also higher at its pharmaceutical unit, but fell at its diagnostics and nutrition divisions.Abbott boosted the midpoint of its full-year earnings forecast. Abbott Laboratories (ABT) shares rose Wednesday, after the drug and healthcare products maker reported better-than-expected quarterly results and raised the midpoint of its profit outlook on strong demand for its medical devi ...