Abbott (ABT) Tops Q3 EPS by 1c; Narrows, Boosts FY16 EPS Outlook
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Abbott Reports Third-Quarter 2016 Results
October 19, 2016 7:45 AM EDTABBOTT PARK, Ill., Oct. 19, 2016 /PRNewswire/ -- Abbott (NYSE: ABT)Â today announced financial results for the third quarter ended Sept. 30, 2016.
Third-quarter worldwide sales of $5.3 billion increased 2.9 percent on a reported basis and 4.0 percent on an operational basis. Reported diluted EPS from continuing operations under GAAP was a $(0.24) loss in the third quarter, primarily due to an adjustment of $(0.66) per share associated with Abbott's equity investment in Mylan to reflect Mylan's share price as of Sept. 30, 2016. Excluding specified items, adjusted diluted EPS from continuing operations was... More