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Based in Abbott Park, Illinois, Abbott Laboratories (ABT) is a global healthcare company that develops a broad range of medical devices, diagnostics, branded generic medicines, and nutritional products with a market cap of $197.55 billion. The company is scheduled to announce its Q3 earnings before the market opens on Wednesday, Oct. 16.
Ahead of the event, analysts expect ABT to report a profit of $1.20 per share, up 5.3% from $1.14 in the year-ago quarter. The company has surpassed or matched Wall Street’s EPS estimates in its last four quarterly reports.
