Abbott beats quarterly profit estimates on strong medical device sales
The company now expects a full-year profit of $4.55 to $4.70 per share, raising the lower end from $4.50 per share. Analysts were expecting a profit of $4.60 per share.
![Abbott beats quarterly profit estimates on strong medical device sales](https://cdn.zeebiz.com/sites/default/files/2024/04/17/288555-screenshot-2024-04-17-173256.png?im=FitAndFill=(1200,900))
On an adjusted basis, the company reported first-quarter profit of 98 cents per share, compared with analysts' estimate of 95 cents per share, according to LSEG data. (Image credit: Reuters)