Abbott Reports Third-Quarter 2020 Results; Achieves Strong Double-Digit Earnings Growth and Raises Guidance
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Abbott (ABT) Tops Q3 EPS by 8c, Revenues Beat
October 21, 2020 7:33 AM EDTAbbott (NYSE: ABT) reported Q3 EPS of $0.98, $0.08 better than the analyst estimate of $0.90. Revenue for the quarter came in at $8 billion versus the consensus estimate of $8.51 billion.
Third-quarter worldwide sales of $8.9 billion increased 9.6 percent on a reported basis and 10.6 percent on an organic basis, which excludes the impact of foreign exchange.Reported diluted EPS from continuing operations under GAAP was $0.69 and adjusted diluted EPS from continuing operations, which excludes specified items, was $0.98,... More