Abbott Labs Earns $1.45 per Share for Q4

This morning, Abbott Labs (ABT) reported Q4 earnings of $1.45 per share. That beat Wall Street’s forecast by 10 cents per share.

For the year, Abbott earned $3.65 per share. That’s pretty impressive. Last January, Abbott give an earnings range for 2020 of $3.55 to $3.65 per share, so they hit the top end.

Additionally, the company sees earnings for 2021 of at least $5 per share. That’s earnings growth of 35%. Wall Street had only been expecting $4.37 per share.

For the quarter, Abbott had sales of $10.7 billion. That includes $2.4 billion of COVID-19 diagnostic testing-related sales. Organic sales grew by 28.4%. In Q4, Abbott delivered more than 300 million COVID-19 diagnostics tests.

Posted by on January 27th, 2021 at 8:55 am


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