Abbott Laboratories Q2 adjusted earnings Beat Estimates

Abbott Laboratories (ABT) revealed a profit for its second quarter that rose from last year.

The company’s earnings came in at $733 million, or $0.41 per share. This compares with $283 million, or $0.16 per share, in last year’s second quarter.

Excluding items, Abbott Laboratories reported adjusted earnings of $1.30 billion or $0.73 per share for the period.

Analysts had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.

The company’s revenue for the quarter rose 17.0% to $7.77 billion from $6.64 billion last year.

Abbott Laboratories earnings at a glance:

-Earnings (Q2): $1.30 Bln. vs. $1.10 Bln. last year.
-EPS (Q2): $0.73 vs. $0.62 last year.
-Analysts Estimate: $0.71
-Revenue (Q2): $7.77 Bln vs. $6.64 Bln last year.

Next quarter EPS guidance: $0.73 to $0.75
Full year EPS guidance: $2.85 to $2.91

by RTTNews Staff Writer

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