Abbott (ABT) Tops Q4 EPS by 1c, Offers FY18 Guidance

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Go back to Abbott (ABT) Tops Q4 EPS by 1c, Offers FY18 Guidance

Abbott Reports Fourth-Quarter 2017 Results

January 24, 2018 7:45 AM EST

ABBOTT PARK, Ill., Jan. 24, 2018 /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the fourth quarter ended Dec. 31, 2017.

Fourth-quarter worldwide sales of $7.6 billion increased 42.3 percent on a reported basis and 7.7 percent on a comparable operational* basis. Reported diluted EPS from continuing operations under GAAP was a $(0.50) loss in the fourth quarter, primarily due to the net expense of $1.46 billion for the estimated1 impact of the Tax Cuts and Jobs Act (U.S. tax reform). Excluding the impact of U.S. tax reform and other specified... More