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Abbott Labs Beats Second-Quarter Views, But Covid Testing Demand Dives

Abbott Laboratories (ABT) on Thursday reported adjusted earnings of $1.17 per share on $10.2 billion in sales for its second quarter. But ABT stock dipped a fraction.




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On average, analysts polled by FactSet expected Abbott to earn $1.02 per share on $9.69 billion in sales.

In the year-earlier period, Abbott earnings were 57 cents a share on $7.33 billion in sales.

For the year, Abbott predicts adjusted profit of $4.30-$4.50 per share. Analysts called for adjusted profit of $4.36 per share and $39.39 billion in sales.

In premarket trading on the stock market today, ABT stock fell 0.2% near 118.80.

More to follow.

Follow Allison Gatlin on Twitter at @IBD_AGatlin.

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