Abbott (ABT) Tops Q1 EPS by 1c, Offers FY Guidance

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Go back to Abbott (ABT) Tops Q1 EPS by 1c, Offers FY Guidance

Abbott Reports First-Quarter 2018 Results

April 18, 2018 7:45 AM EDT

ABBOTT PARK, Ill., April 18, 2018 /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the first quarter ended March 31, 2018.

First-quarter worldwide sales of $7.4 billion increased 16.7 percent on a reported basis and 6.9 percent on an organic* basis. Reported diluted EPS from continuing operations under GAAP was $0.23 in the first quarter. Adjusted diluted EPS from continuing operations, which excludes specified items, was $0.59, at the upper end of Abbott's previous guidance range. Abbott projects full-year 2018 diluted EPS from continuing operations of $1.23 to $1.33 on a GAAP basis1. Projected full-year adjusted... More