Abbott (ABT) Tops Q2 EPS by 16c, FY EPS Guidance Tops Views

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Go back to Abbott (ABT) Tops Q2 EPS by 16c, FY EPS Guidance Tops Views

Abbott Reports Second-Quarter 2020 Results, Exceeds Analysts' Expectations

July 16, 2020 7:30 AM EDT

ABBOTT PARK, Ill., July 16, 2020 /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the second quarter ended June 30, 2020.

Second-quarter worldwide sales of $7.3 billion decreased 8.2 percent on a reported basis and 5.4 percent on an organic basis, which excludes the impact of foreign exchange. Reported diluted EPS from continuing operations under GAAP was $0.30 and adjusted diluted EPS from continuing operations, which excludes specified items, was $0.57 in the second quarter. Abbott projects full-year 2020 diluted EPS from continuing operations on a GAAP basis of at least $2.00 and... More