Advertisement
News
Advertisement

Abbott's Q2 sales tick up, earnings beat Wall Street

Wed, 07/17/2013 - 10:04am
Mass Device

Abbott confirms its earnings guidance for 2013 after reporting lower-than-expected 2nd-quarter sales growth but beating earnings forecasts.

Abbott's Q2 sales tick up, earnings beat Wall Street

Abbott (NYSE:ABT) missed expectations with its 2nd-quarter sales but still managed to exceed earnings forecasts, sending shares up this morning on Wall Street.

The Chicago-area company posted profits of $476 million, or 64¢ per share, on sales of $5.45 billion during the 3 months ended June 30, for sales growth of 2.5% but a bottom-line slide of 72.4%.

Adjusted to exclude 1-time items, however, earnings per share were 46¢ apiece, ahead of The Street's 44¢ forecast.

Advertisement

Share this Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading