Abbott Raises 2020 Earnings Guidance
October 21 2020 - 7:37AM
Dow Jones News
By Dave Sebastian
Abbott Laboratories on Wednesday raised its earnings outlook for
2020 as it recorded higher third-quarter profit and sales due to
demand for Covid-19 tests.
Abbott said it expects earnings from continuing operations of at
least $2.35 a share, or at least $3.55 a share on an adjusted
basis. It previously had expected earnings from continuing
operations of at least $2 a share, or at least $3.25 a share on an
adjusted basis.
The company said it forecasts $1.20 a share for the full year
related to intangible amortization, acquisition-related expenses,
restructuring and cost-reduction actions and other expenses.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
October 21, 2020 08:22 ET (12:22 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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