NORTH CHICAGO (dpa-AFX) - Abbott Laboratories (ABT) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $2.45 billion, or $1.37 per share. This compares with $1.79 billion, or $1.00 per share, in last year's first quarter.
Excluding items, Abbott Laboratories reported adjusted earnings of $3.08 billion or $1.73 per share for the period.
Analysts on average had expected the company to earn $1.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 13.8% to $11.90 billion from $10.46 billion last year.
Abbott Laboratories earnings at a glance (GAAP) :
-Earnings (Q1): $2.45 Bln. vs. $1.79 Bln. last year. -EPS (Q1): $1.37 vs. $1.00 last year. -Analyst Estimate: $1.46 -Revenue (Q1): $11.90 Bln vs. $10.46 Bln last year.
-Guidance: Full year EPS guidance: Adj; $4.70
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