Investing.com - Abbott Labs (NYSE:ABT) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Abbott Labs announced earnings per share of $1.73 on revenue of $11.9B. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $11.04B.
Abbott Labs shares are down 14% from the beginning of the year and are trading at $121.24 , down-from-52-week-high.They are under-performing the S&P 500 which is down 6.38% from the start of the year.
Abbott Labs shares gained 1.05% in pre-market trade the report.
Abbott Labs follows other major Healthcare sector earnings this month
Abbott Labs's report follows an earnings beat by UnitedHealth on Thursday, April 14, 2022, who reported EPS of $5.49 on revenue of $80.15B, compared to forecasts EPS of $5.38 on revenue of $78,786M.
J&J had beat expectations on Tuesday with first quarter EPS of $2.67 on revenue of $23.43B, compared to forecast for EPS of $2.59 on revenue of $23.69B.
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