Abbott Laboratories Posts 1Q Profit of $544M

Health Care Reuters

Abbott Laboratories' quarterly earnings from continuing operations were roughly in line with Wall Street forecasts, rising sharply on demand for the company's nutritional and diagnostic products.

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Abbott, which split off its branded drugs business at the beginning of the year into a new company called AbbVie Inc , on Wednesday reported a first-quarter profit of $544 million, or 34 cents per share, from continuing operations.

That compared with year-earlier net earnings from continuing operations of $351 million, or 22 cents per share.

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