Abbott: Q1 Earnings Snapshot

ABBOTT PARK Ill AP ABBOTT PARK Ill AP Abbott Laboratories ABT on Wednesday released first-quarter earnings of billion The Abbott Park Illinois-based company disclosed it had profit of cents per share Earnings adjusted for amortization costs and pretax expenses came to per share The results topped Wall Street expectations The average estimate of nine analysts surveyed by Zacks Outlay Research was for earnings of per share The maker of infant formula clinical devices and drugs posted revenue of billion in the period which did not meet Street forecasts Eight analysts surveyed by Zacks expected billion For the current quarter ending in June Abbott expects its per-share earnings to range from to The company expects full-year earnings in the range of to per share Abbott shares have climbed since the beginning of the year while the S P s index has decreased The stock has increased in the last months This story was generated by Automated Insights http automatedinsights com ap using content from Zacks Funding Research Access a Zacks stock document on ABT at https www zacks com ap ABT Source