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Abbot Laboratories 1Q Revenue Grows on Covid-19-Testing Efforts

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Dow Jones
By Matt Grossman
Abbott Laboratories on Tuesday posted stronger revenue and sales in the first quarter as contributions from its Covid-19-testing services drove higher diagnostics revenue.
The Abbott Park, Ill.-based healthcare-products company logged diluted earnings of $1 a share, up from 31 cents a share in the same three-month period a year earlier. The company s net earnings grew to $1.79 billion, from $564 million in the year-ago period.
Abbott s adjusted profit was $1.32 a share. Analysts surveyed by FactSet had forecast an adjusted profit of $1.27 a share.
Revenue grew by 35%, to $10.46 billion, from $7.73 billion a year earlier. Analysts were expecting revenue of $10.69 billion ....

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Abbott Declines as Revenue Misses, Covid Testing Sales Dip

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.
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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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Performance and operational feasibility of antigen and antibody rapid diagnostic tests for COVID-19 in symptomatic and asymptomatic patients in Cameroon: a clinical, prospective, diagnostic accuracy study

Performance and operational feasibility of antigen and antibody rapid diagnostic tests for COVID-19 in symptomatic and asymptomatic patients in Cameroon: a clinical, prospective, diagnostic accuracy study
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50 Best Companies for Working Dads | GOBankingRates

50 Best Companies for Working Dads | GOBankingRates
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