Abbott Labs Earnings inline, Revenue Misses In Q3

0


Investing.com – Abbott Labs (NYSE:ABT) reported third quarter earnings that matched analysts’ expectations on Wednesday and revenue that fell short of forecasts.

The firm reported earnings per share of $0.84 on revenue of $8.08B. Analysts polled by Investing.com forecast EPS of $0.84 on revenue of $8.11B. That compared to EPS of $0.75 on revenue of $7.66B in the same period a year earlier. The company had reported EPS of $0.82 on revenue of $7.98B in the previous quarter.

Abbott Labs shares gained 0.02% to trade at $82.00 in pre-market trade following the report.

Abbott Labs follows other major Healthcare sector earnings this month

On Tuesday, J&J reported third quarter EPS of $2.12 on revenue of $20.73B, compared to forecasts of EPS of $2 on revenue of $20.1B.

Helen of Troy Ltd earnings beat analysts’ expectations on October 8, with second quarter EPS of $2.24 on revenue of $414M. Investing.com analysts expected EPS of $1.88 on revenue of $391.86M

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar



Source By Breaking News Website | BreakingNews.WS