Abbott (ABT) Tops Q4 EPS by 1c, Offers FY18 Guidance

Abbott (NYSE: ABT) reported Q4 EPS of $0.74, $0.01 better than the analyst estimate of $0.73. Revenue for the quarter came in at $7.6 billion versus the consensus estimate of $7.39 billion.

GUIDANCE:

Abbott sees FY2018 EPS of $2.80-$2.90, versus the consensus of $2.83.

• Abbott is issuing first-quarter 2018 guidance for diluted earnings per share from continuing operations under GAAP of $0.16 to $0.18. Abbott forecasts specified items for the first quarter of $0.41 per share primarily related to intangible amortization expense, acquisition-related expenses, cost reduction initiatives and other expenses. Excluding specified items, projected adjusted diluted earnings per share from continuing operations would be $0.57 to $0.59.

(Street sees Q1 EPS of $0.56)

For earnings history and earnings-related data on Abbott (ABT) click here.

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