Abbott (ABT) Tops Q3 EPS by 8c, Revenues Beat

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Go back to Abbott (ABT) Tops Q3 EPS by 8c, Revenues Beat

Abbott Reports Third-Quarter 2020 Results; Achieves Strong Double-Digit Earnings Growth and Raises Guidance

October 21, 2020 7:30 AM EDT

ABBOTT PARK, Ill., Oct. 21, 2020 /PRNewswire/ -- Abbott (NYSE: ABT) today announced financial results for the third quarter ended Sept. 30, 2020.

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, reflecting 16.7 percent growth versus the prior year.1 Abbott projects full-year 2020 diluted EPS from continuing operations on a GAAP basis of at least... More