Abbott (ABT) Reports In-Line Q4 Results, Offers Q1 and FY Guidance

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Abbott Reports Fourth-Quarter 2019 Results; Announces Strong Forecast for 2020

January 22, 2020 7:30 AM EST

ABBOTT PARK, Ill., Jan. 22, 2020 /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the fourth quarter and full year ended Dec. 31, 2019.

Fourth-quarter worldwide sales of $8.3 billion increased 7.1 percent on a reported basis and 8.5 percent on an organic* basis. Reported diluted EPS from continuing operations under GAAP was $0.59 in the fourth quarter. Adjusted diluted EPS from continuing operations, which excludes specified items, was $0.95, an increase of 17.3 percent versus prior year1. Abbott issues full-year 2020 guidance for organic sales growth of 7.0 to 8.0 percent2, which excludes the... More