logo
  

Abbott Laboratories Reaffirms FY23 Adj. EPS Outlook - Update

While reporting financial results for the second quarter on Thursday, Abbott Laboratories (ABT) reaffirmed its adjusted earnings guidance for the full-year 2023.

For fiscal 2023, the company now projects earnings in a range of $3.02 to $3.22 per share and adjusted earnings in a range of $4.30 to $4.50 per share.

Previously, the company expected earnings in the range of $3.05 to $3.25 per share and adjusted earnings in the range of $4.30 to $4.50 per share.

On average, 24 analysts polled by Thomson Reuters expect the company to report earnings of $4.40 per share for the year. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Billionaire Elon Musk announced that his social media platform, formerly known as Twitter, has completed its rebranding as X. In a post on his social media account, Musk said, "All core systems are now on http://X.com." At the bottom of the X login page, a message reads as "We are letting you know that we are changing our URL, but your privacy and data protection settings remain the same." Shares of Reddit Inc. were gaining around 14 percent in the pre-market activity on the New York Stock Exchange after the social media company announced a deal with artificial intelligence or AI startup OpenAI, the developer of highly popular generative AI chatbot ChatGPT. The deal will bring Reddit's content to ChatGPT and its products. OpenAI will also become a Reddit advertising partner. Consumer electronics major Electrolux Group has reannounced its previous recall of Frigidaire and Kenmore electric ranges following multiple reports of fires and injuries. The recall involves about 203,000 units of Frigidaire and Kenmore Smooth-top Freestanding Electric Ranges, which were previously recalled in August 2009.

Comments from the Fed Chair Jerome Powell were in focus this week that also saw the release of latest inflation figures for the U.S. economy. Find out what Powell said and why those remarks underpinned investor sentiment. In Asia, Japan released first quarter GDP figures. Explore how that served to cloud the outlook for Bank of Japan interest rates. In Europe, some key figures for the U.K. labor market were released.

View More Videos
Follow RTT