Abbott Laboratories (ABT) and its subsidiaries discover, develop, manufacture, and market health care products worldwide. It operates in four segments: Established Pharmaceutical Products; Diagnostic Products; Nutritional Products; and Medical Devices.
Last week, ABT announced its second-quarter results. EPS and revenue for the quarter surpassed analysts' projections. Furthermore, it raised its full-year 2022 earnings per share projection. The company expects GAAP diluted EPS of at least $3.50 and adjusted diluted EPS of at least $4.90 for the entire year. Its projection includes $6.1 billion in COVID-19 testing-related sales, including $5.6 billion through June 2022 and $500 million in sales over the next four months.
