ABT), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ABT, following the Company's reporting of its third quarter fiscal 2017 operating results on October 18, 2017. The maker of infant formula, medical devices and drugs outperformed top- and bottom-line expectations. The Company raised the top end of its full-year 2017 earnings forecast range. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ABT. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=ABT

Earnings Reviewed

For the three months ended September 30, 2017, Abbott's worldwide sales surged 28.8% to $6.83 billion compared to sales of $5.30 billion for Q3 2016. The Company's sales improved 5.6% on a comparable operational basis. Abbott's revenue numbers topped analysts' expectations of $6.71 billion.

During Q3 2017, Abbott's operating earnings totaled $810 million compared to operating earnings of $897 million in Q3 2016.

For Q3 2017, Abbott reported GAAP diluted earnings from continuing operations of $0.32 per share compared to loss of $0.24 per share in Q3 2016. On an adjusted basis, the Company recorded adjusted diluted EPS from continuing operations of $0.66 in the reported quarter, up 11.9% on a y-o-y basis and at the high-end of Abbott's previous guidance range of $0.64 to $0.66. The Company's earnings beat Wall Street's estimates for earnings of $0.65 per share.

Abbott's Segment Results

During Q3 2017, the Company's Worldwide Nutrition sales increased 0.8% on a reported and operational basis to $1.77 billion. In the reported quarter, the segment's Worldwide Pediatric Nutrition sales grew 0.8% compared to the year-ago same period to $975 million, including a favorable 0.1% effect of foreign exchange, and increased 0.7% on an operational basis. Worldwide Adult Nutrition's sales gained 0.7% to $793 million on a reported basis in Q3 2017, including an unfavorable 0.2% effect of foreign exchange, and increased 0.9% on an operational basis.

For Q3 2017, Worldwide Diagnostics' sales advanced 5.4% to $1.28 billion on a y-o-y basis. The segment's Core Laboratory Diagnostics' sales jumped 5.7% to $1.03 billion, led by continued share gains globally. In the reported quarter, the Worldwide Diagnostics' Molecular Diagnostics' sales grew 2.7% on a y-o-y basis, including a favorable 1.6% effect of foreign exchange, and increased 1.1% on an operational basis. The segment's Point of Care Diagnostics' sales gained 5.8% to $131 million on a y-o-y basis.

During Q3 2017, Established Pharmaceuticals' sales surged 15.7% to $1.17 billion, including a favorable 1.4% effect of foreign exchange, and increased 14.3% on an operational basis. Abbott's Key Emerging Markets comprise several countries that represent the most attractive long-term growth opportunities for Abbott's branded generics product portfolio. The Company's sales in these key geographies increased 18.5% to $885 million in the reported quarter, led by strong growth across several countries, including double-digit growth in Brazil, Russia, India, and China.

For Q3 2017, Worldwide Medical Devices' sales soared 98.2% to $2.60 billion on a reported basis. On a comparable operational basis, the division's sales increased 5.6%.

For the Medical Devices division's Cardiovascular and Neuromodulation worldwide sales totaled $2.22 billion in Q3 2017, led by double-digit growth in Electrophysiology, Structural Heart, Heart Failure, and Neuromodulation. The segment's Worldwide Diabetes Care sales jumped 21.7% to $373 million, including a favorable 2.6% effect of foreign exchange and increased 19.1% on an operational basis.

Outlook

Abbott announced that it is narrowing its full-year 2017 earnings per share guidance range, which continues to reflect double-digit growth. The Company is now projecting earning per share from continuing operations to be $0.97 to $0.99 for FY17. Abbott's projected diluted earnings per share from continuing operations on an adjusted basis is now forecasted to be in the band of $2.48 to $2.50 for FY17, which represents an increase at the mid-point of the guidance range.

Stock Performance

On Thursday, October 19, 2017, the stock closed the trading session at $56.00, marginally rising 0.41% from its previous closing price of $55.77. A total volume of 4.87 million shares have exchanged hands. Abbott Labs' stock price soared 10.15% in the last three months, 28.65% in the past six months, and 39.97% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 45.80%. The stock is trading at a PE ratio of 86.02 and has a dividend yield of 1.89%. At Thursday's closing price, the stock's net capitalization stands at $97.40 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478375

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Earnings Review and Free Research Report: Abbott’s Sales Surged 28.8%; Adjusted EPS Advanced 11.9%

LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Abbott Laboratories (NYSE: ABT), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ABT, following the Company's reporting of its third quarter fiscal 2017 operating results on October 18, 2017. The maker of infant formula, medical devices and drugs outperformed top- and bottom-line expectations. The Company raised the top end of its full-year 2017 earnings forecast range. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ABT. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=ABT

Earnings Reviewed

For the three months ended September 30, 2017, Abbott's worldwide sales surged 28.8% to $6.83 billion compared to sales of $5.30 billion for Q3 2016. The Company's sales improved 5.6% on a comparable operational basis. Abbott's revenue numbers topped analysts' expectations of $6.71 billion.

During Q3 2017, Abbott's operating earnings totaled $810 million compared to operating earnings of $897 million in Q3 2016.

For Q3 2017, Abbott reported GAAP diluted earnings from continuing operations of $0.32 per share compared to loss of $0.24 per share in Q3 2016. On an adjusted basis, the Company recorded adjusted diluted EPS from continuing operations of $0.66 in the reported quarter, up 11.9% on a y-o-y basis and at the high-end of Abbott's previous guidance range of $0.64 to $0.66. The Company's earnings beat Wall Street's estimates for earnings of $0.65 per share.

Abbott's Segment Results

During Q3 2017, the Company's Worldwide Nutrition sales increased 0.8% on a reported and operational basis to $1.77 billion. In the reported quarter, the segment's Worldwide Pediatric Nutrition sales grew 0.8% compared to the year-ago same period to $975 million, including a favorable 0.1% effect of foreign exchange, and increased 0.7% on an operational basis. Worldwide Adult Nutrition's sales gained 0.7% to $793 million on a reported basis in Q3 2017, including an unfavorable 0.2% effect of foreign exchange, and increased 0.9% on an operational basis.

For Q3 2017, Worldwide Diagnostics' sales advanced 5.4% to $1.28 billion on a y-o-y basis. The segment's Core Laboratory Diagnostics' sales jumped 5.7% to $1.03 billion, led by continued share gains globally. In the reported quarter, the Worldwide Diagnostics' Molecular Diagnostics' sales grew 2.7% on a y-o-y basis, including a favorable 1.6% effect of foreign exchange, and increased 1.1% on an operational basis. The segment's Point of Care Diagnostics' sales gained 5.8% to $131 million on a y-o-y basis.

During Q3 2017, Established Pharmaceuticals' sales surged 15.7% to $1.17 billion, including a favorable 1.4% effect of foreign exchange, and increased 14.3% on an operational basis. Abbott's Key Emerging Markets comprise several countries that represent the most attractive long-term growth opportunities for Abbott's branded generics product portfolio. The Company's sales in these key geographies increased 18.5% to $885 million in the reported quarter, led by strong growth across several countries, including double-digit growth in Brazil, Russia, India, and China.

For Q3 2017, Worldwide Medical Devices' sales soared 98.2% to $2.60 billion on a reported basis. On a comparable operational basis, the division's sales increased 5.6%.

For the Medical Devices division's Cardiovascular and Neuromodulation worldwide sales totaled $2.22 billion in Q3 2017, led by double-digit growth in Electrophysiology, Structural Heart, Heart Failure, and Neuromodulation. The segment's Worldwide Diabetes Care sales jumped 21.7% to $373 million, including a favorable 2.6% effect of foreign exchange and increased 19.1% on an operational basis.

Outlook

Abbott announced that it is narrowing its full-year 2017 earnings per share guidance range, which continues to reflect double-digit growth. The Company is now projecting earning per share from continuing operations to be $0.97 to $0.99 for FY17. Abbott's projected diluted earnings per share from continuing operations on an adjusted basis is now forecasted to be in the band of $2.48 to $2.50 for FY17, which represents an increase at the mid-point of the guidance range.

Stock Performance

On Thursday, October 19, 2017, the stock closed the trading session at $56.00, marginally rising 0.41% from its previous closing price of $55.77. A total volume of 4.87 million shares have exchanged hands. Abbott Labs' stock price soared 10.15% in the last three months, 28.65% in the past six months, and 39.97% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 45.80%. The stock is trading at a PE ratio of 86.02 and has a dividend yield of 1.89%. At Thursday's closing price, the stock's net capitalization stands at $97.40 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478375

LONDON, UK / ACCESSWIRE / October 20, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Abbott Laboratories (NYSE: ABT), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=ABT, following the Company's reporting of its third quarter fiscal 2017 operating results on October 18, 2017. The maker of infant formula, medical devices and drugs outperformed top- and bottom-line expectations. The Company raised the top end of its full-year 2017 earnings forecast range. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ABT. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=ABT

Earnings Reviewed

For the three months ended September 30, 2017, Abbott's worldwide sales surged 28.8% to $6.83 billion compared to sales of $5.30 billion for Q3 2016. The Company's sales improved 5.6% on a comparable operational basis. Abbott's revenue numbers topped analysts' expectations of $6.71 billion.

During Q3 2017, Abbott's operating earnings totaled $810 million compared to operating earnings of $897 million in Q3 2016.

For Q3 2017, Abbott reported GAAP diluted earnings from continuing operations of $0.32 per share compared to loss of $0.24 per share in Q3 2016. On an adjusted basis, the Company recorded adjusted diluted EPS from continuing operations of $0.66 in the reported quarter, up 11.9% on a y-o-y basis and at the high-end of Abbott's previous guidance range of $0.64 to $0.66. The Company's earnings beat Wall Street's estimates for earnings of $0.65 per share.

Abbott's Segment Results

During Q3 2017, the Company's Worldwide Nutrition sales increased 0.8% on a reported and operational basis to $1.77 billion. In the reported quarter, the segment's Worldwide Pediatric Nutrition sales grew 0.8% compared to the year-ago same period to $975 million, including a favorable 0.1% effect of foreign exchange, and increased 0.7% on an operational basis. Worldwide Adult Nutrition's sales gained 0.7% to $793 million on a reported basis in Q3 2017, including an unfavorable 0.2% effect of foreign exchange, and increased 0.9% on an operational basis.

For Q3 2017, Worldwide Diagnostics' sales advanced 5.4% to $1.28 billion on a y-o-y basis. The segment's Core Laboratory Diagnostics' sales jumped 5.7% to $1.03 billion, led by continued share gains globally. In the reported quarter, the Worldwide Diagnostics' Molecular Diagnostics' sales grew 2.7% on a y-o-y basis, including a favorable 1.6% effect of foreign exchange, and increased 1.1% on an operational basis. The segment's Point of Care Diagnostics' sales gained 5.8% to $131 million on a y-o-y basis.

During Q3 2017, Established Pharmaceuticals' sales surged 15.7% to $1.17 billion, including a favorable 1.4% effect of foreign exchange, and increased 14.3% on an operational basis. Abbott's Key Emerging Markets comprise several countries that represent the most attractive long-term growth opportunities for Abbott's branded generics product portfolio. The Company's sales in these key geographies increased 18.5% to $885 million in the reported quarter, led by strong growth across several countries, including double-digit growth in Brazil, Russia, India, and China.

For Q3 2017, Worldwide Medical Devices' sales soared 98.2% to $2.60 billion on a reported basis. On a comparable operational basis, the division's sales increased 5.6%.

For the Medical Devices division's Cardiovascular and Neuromodulation worldwide sales totaled $2.22 billion in Q3 2017, led by double-digit growth in Electrophysiology, Structural Heart, Heart Failure, and Neuromodulation. The segment's Worldwide Diabetes Care sales jumped 21.7% to $373 million, including a favorable 2.6% effect of foreign exchange and increased 19.1% on an operational basis.

Outlook

Abbott announced that it is narrowing its full-year 2017 earnings per share guidance range, which continues to reflect double-digit growth. The Company is now projecting earning per share from continuing operations to be $0.97 to $0.99 for FY17. Abbott's projected diluted earnings per share from continuing operations on an adjusted basis is now forecasted to be in the band of $2.48 to $2.50 for FY17, which represents an increase at the mid-point of the guidance range.

Stock Performance

On Thursday, October 19, 2017, the stock closed the trading session at $56.00, marginally rising 0.41% from its previous closing price of $55.77. A total volume of 4.87 million shares have exchanged hands. Abbott Labs' stock price soared 10.15% in the last three months, 28.65% in the past six months, and 39.97% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have skyrocketed 45.80%. The stock is trading at a PE ratio of 86.02 and has a dividend yield of 1.89%. At Thursday's closing price, the stock's net capitalization stands at $97.40 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 478375

Source URL: https://marketersmedia.com/earnings-review-and-free-research-report-abbotts-sales-surged-28-8-adjusted-eps-advanced-11-9/253059

Source: AccessWire

Release ID: 253059


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