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Abbott Declines as Revenue Misses, Covid Testing Sales Dip Bloomberg 3 hrs ago Fiona Rutherford © Photographer: Angus Mordant/Bloomberg A box of Abbott Laboratories ID NOW rapid test cartridges during a United Airlines Covid-19 test pilot program at Newark Liberty International Airport in Newark, New Jersey. (Bloomberg) Abbott Laboratories shares fell after first-quarter revenue narrowly missed estimates and sales of Covid-19 diagnostics slipped. Popular Searches Total quarterly revenue was $10.5 billion, the Abbott Park, Illinois-based company said Tuesday in a statement, missing analysts’ average projection of $10.69 billion. Covid-19 testing-related sales were $2.2 billion, down from $2.4 billion in the final quarter of 2020. Abbott fell as much as 4.3% as of 11:20 a.m. in New York, the most intraday since November. The stock had gained 14% since the beginning of the year through Monday.

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