Abbott Laboratories, based in Abbott Park, Illinois, reported first-quarter earnings of $1.33 billion, with a profit of 76 cents per share. Adjusted earnings were $1.09 per share, beating Wall Street expectations. However, revenue of $10.36 billion did not meet analyst forecasts of $10.42 billion. For the current quarter, Abbott expects earnings to range from $1.23 to $1.27 per share, with full-year earnings projected in the range of $5.05 to $5.25 per share. Abbott shares have increased by 12% since the start of the year, outperforming the S&P 500 index, which has decreased by 8%. The stock has seen a 16% increase in the last 12 months. This information was provided by Automated Insights using data from Zacks Investment Research. For more details, visit https://www.zacks.com/ap/ABT.
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