Abbott says market overestimating sales hit from new diabetes drugs

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Abbott (ABT) gains as 'strong' performance tops Q3 expectations

October 18, 2023 8:04 AM EDT

Abbott (NYSE: ABT) shares are up more than 2% premarket Wednesday after the company reported earnings, topping consensus expectations.

The medical device company reported Q3 EPS of $1.14, $0.04 better than the analyst estimate of $1.10, while revenue for the quarter came in at $10.1 billion versus the consensus... More