4/20, 1:39 PM (Source: TeleTrader)
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Abbott Q1 revenue surges 35.3% to $10.46 billion

Abbott Laboratories released its first-quarter earnings results on Tuesday, revealing that the company's revenue annually surged 35.3% to reach $10.46 billion. Abbott's diluted earnings per share skyrocketed 233.3% to $1.00 during the same period, while projected full-year figures were confirmed.

"We're off to a very strong start to the year, with all four of our major businesses achieving strong growth. We're particularly pleased with the growing momentum of several recently launched products and continue to forecast more than 35% EPS growth for the year," CEO Robert Ford noted.

Abbott's stocks lost 3.65% ahead of today's session following the announcement to trade at $119.98 per share.

Breaking the News / ND