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Abbott Labs 1Q Sales Fall, Dragged Down by Waning Covid-19 Test Sales -- Earnings Review

Por: MarketWatch Business April 19, 2023

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Stripping out one-items, including amortization, adjusted earnings came to $1.03 a share, topping the 99 cents a share expected by analysts, according to FactSet. SALES: Sales fell 18% from a year earlier to $9.75 billion. Analysts surveyed by FactSet were expecting sales of $9.67 billion. WHAT WE WATCHED --COVID TESTS: The dropoff in demand for Covid-19 tests and other related products continued to weigh on Abbott's sales in the first... + full article



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