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Benzinga

Business

Vandana Singh

Eased Tariff Impact Fails To Lift Abbott As Outlook Cut Disappoints Investors

Abbott ABT Covid-19

Oct,15,,2019,Sunnyvale, - ,Ca, - ,Usa,-,Close

Abbott Laboratories (NYSE:ABT) reported better-than-expected sales and profits in the second quarter, but the stock still plummeted nearly 10% after management dialed back earnings and growth projections for the rest of the year.

The company reported second-quarter sales of $11.14 billion, beating the consensus of $11.07 billion.

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One subscription that gives you access to news from hundreds of sites

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