FMP

FMP

Enter

Abbott Beats Q3 Earnings

- (Last modified: Dec 19, 2023 6:49 PM)

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

Abbott (NYSE:ABT) adjusted its yearly profit projections after surpassing third-quarter earnings expectations, largely driven by heightened demand for its medical devices and diagnostics products. As a result, the company’s shares rose more than 2% pre-market today.

Abbott's Q3 earnings per share (EPS) stood at $1.14, which is $0.04 more than the predicted $1.10. The quarterly revenue reached $10.1 billion, compared to the Street estimate of $9.82 billion.

Robert Ford, Abbott's chairman and CEO, highlighted that their strategic investments during the pandemic are now fueling consistent growth throughout their primary business segments. The company remains on course to achieve its financial targets set earlier in the year, and the ongoing momentum across various portfolios sets a promising outlook for 2024.

For the full-year, Abbott anticipates an EPS ranging between $4.42 and $4.46, which is higher than the Street consensus of $4.18.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title

May 27, 2024 3:30 PM - Rajnish Katharotiya

The best 5 GPU stocks other than NVDA

In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep