Abbott (ABT) Tops Q1 EPS by 2c, Offers Outlook

Abbott (NYSE: ABT) reported Q1 EPS of $0.63, $0.02 better than the analyst estimate of $0.61. Revenue for the quarter came in at $7.5 billion versus the consensus estimate of $7.47 billion.

GUIDANCE:

Abbott sees FY2019 EPS of $3.15-$3.25, versus the consensus of $3.21.

• Abbott is issuing second-quarter 2019 guidance for diluted earnings per share from continuing operations under GAAP of $0.47 to $0.49. Abbott forecasts specified items for the second quarter 2019 of $0.32 per share primarily related to intangible amortization, acquisition-related expenses, cost reduction initiatives and other expenses. Excluding specified items, projected adjusted diluted earnings per share from continuing operations would be $0.79 to $0.81 for the second quarter.
• (Consensus sees Q2 EPS of $0.80)

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

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