Abbott Labs tops Q1 expectations, raises low end of 2024 guidance range

The Associated Press

April 17, 2024

ABBOTT PARK, Illinois (AP) -- Abbott Laboratories reported a first-quarter profit of $1.23 billion Wednesday.

The company, based in Abbott Park, Illinois, posted net income of 70 cents per share. Earnings, adjusted for one-time gains and costs, were 98 cents per share.

The results surpassed Wall Street expectations by 2 cents, according to Zacks Investment Research.

The maker of infant formula, medical devices and drugs posted revenue of $9.96 billion in the period, also beating analyst forecasts of $9.85 billion.

Abbott raised the low end of its full-year earnings forecast by five cents. It now expects earnings in the range of $4.55 to $4.70 per share.

Abbott shares, up 10% this year, fell more than 3% Wednesday.

_____

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABT at https://www.zacks.com/ap/ABT

Recommended

The A.I. Story Nobody is Telling You (Read ASAP) - Ad

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This - Ad

Jeff Bezos' Next Trillion Dollar Bet (shocking) - Ad

In a historic trading session on Tuesday, cannabis stocks soared following the DEA's reported decision to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act.

Phones, Islamic books and currency exchange. Some businesses are making money out of Taliban rule

KABUL, Afghanistan (AP) — Yunis Safi, a businessman in Kabul, knows very well the importance of showing off your phone if you want something done.

"America's No. 1 Retirement Stock" (Name Inside)

"America's No. 1 Retirement Stock" (Name Inside) - Ad

According to the former Goldman Sachs VP -- who wrote a best-selling book on retirement -- one single stock stands head-and-shoulders above all others. And it should be the cornerstone of your portfolio. Have you heard of it?

Top 3 Real Estate Stocks That Are Set To Fly In April

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Deepfake of principal's voice is the latest case of AI being used for harm

The most recent criminal case involving artificial intelligence , where police say a principal was framed as racist by a fake recording of his voice.

New Video: What A.I. Means for Cancer (And Other Diseases)

New Video: What A.I. Means for Cancer (And Other Diseases) - Ad

I urge you to check it out before we take the video down. You'll discover how AI discovered a new treatment in only 30 days, why Big Pharma signed over $3 billion in deals with one AI-biotech, and why Bill Gates and billionaire Steve Cohen own over 10% of this company.

FDA brings lab tests under federal oversight in bid to improve accuracy and safety

WASHINGTON (AP) — Makers of medical tests will have about four years to show that their new offerings deliver accurate results, under a government rule vigorously opposed by the testing industry.

Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of 'Bodies Around Him': 'He Takes Out Everybody Who Is Loyal To Him'

Cassidy Hutchinson, a former aide to Donald Trump, publicly expressed her disapproval of the ex-president following the recent indictments of his associates in the Arizona fake electors scheme.

Titanium Shortage Threatens Industry Titan

Titanium Shortage Threatens Industry Titan - Ad

A titan of the aerospace industry announced it would no longer purchase titanium from Russia, a key supplier. With a global shortage of the lightweight "wonder metal" already in play, aerospace-grade titanium has become particularly scarce.

Elon Musk Debunks Tucker Carlson's Alien Theory, SCOTUS On Trump's Immunity, North Korea's Military Pledge And More: This Week In Politics

The week was filled with intriguing stories, from Elon Musk's dismissal of alien theories to the U.S. Supreme Court's deliberation on former President Donald Trump's immunity claims.

Voters Reveal Whether They Feel Donald Trump Is Receiving Fair Treatment In Court In Latest Poll â€” What That Means For Former President's Election Chances

Amid Donald Trump's trial, a sharp national divide has arisen, with only 13% seeing fair treatment.

MUST SEE By May 1: Beware Biden's Trojan Horse

MUST SEE By May 1: Beware Biden's Trojan Horse - Ad

It could usher in the most radical transformation of our money we've ever seen in America's history... trigger a surprise election outcome in the coming months... and fundamentally alter the value of your savings forever. One 24-year market veteran warns that most Americans simply aren't prepared for what's coming on May 1.

Move Over Nvidia: Experts Bullish On Intel's AI Chip, Predict Surge In These Three Global Stocks

Charlie Chan and his team at Morgan Stanley forecast that the total Gaudi shipment volume could hit 300-400k units in 2025, generating $2-3bn revenue for Intel.

Elon Musk Take Fight For Free Speech Abroad, Feuds With Australia And Brazil Over Content Restriction

Elon Musk's acquisition of X sparks global debate as clashes with Brazil and Australia over free speech restrictions intensify.

Savvy Investors Notice "Wonder Metal" in iPhone

Savvy Investors Notice "Wonder Metal" in iPhone - Ad

Apple has made use of this unique metal extensively in the new iPhone describing it as having "one of the best strength-to-weight ratios of any metal". It's not just Apple though, with applications in aerospace, defense, and medical devices, titanium has become essential...Unfortunately, 90% of the supply is controlled by adversarial nations meaning a supply disruption would have paralyzing effects on daily life in the US.

AMC Expects Q1 Results To Top Estimates Despite Fewer Box Office Releases Due To Hollywood Strikes, Sees Impact Extending To Q2

AMC pre-announced first-quarter results above the consensus estimate, but hinted at ongoing softness in box office performance.

Delta Flight Returns To Atlanta After Takeoff: Boeing 757 'Yawing Aggressively'

Delta Air Lines flight from Atlanta to Ft. Lauderdale diverted back to Atlanta due to Boeing 757 yawing aggressively.

"Retirement Secret" Showed 995% Gain Last Time We Shared It

"Retirement Secret" Showed 995% Gain Last Time We Shared It - Ad

It's a straightforward way to come out on top no matter who wins this November... It's not cryptos, or options, and anyone can do it.

The deadline to consolidate some student loans to receive forgiveness is here. Here's what to know

NEW YORK (AP) — Borrowers with some types of have until today to consolidate their loans to qualify for full or credit toward cancellation. The Education Department is expected to conduct a one-time adjustment in the summer but borrowers who want to be considered for the adjustment have to submit a request to consolidate their loans by Tuesday.

Fraudsters target small businesses with scams. Here are some to watch out for

NEW YORK (AP) — It's never fun to be scammed, but if you're a small business owner then falling for a scam can have long-lasting effects on a business, damaging client relationships and profit.

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024

The Man Who Bought Bitcoin at $5 Reveals His Next Tiny Crypto Gem for 2024 - Ad

Early Bitcoin Millionaire Charlie Shrem just revealed his five little-known crypto coins that he believes could create generational wealth over the next 12 months. What's more, some of these tiny cryptos he's discovered trade for less than $1!

Winner of $1.3 billion Powerball jackpot is an immigrant from Laos who has cancer

SALEM, Ore. (AP) — One of the winners of a last month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week.

Jim Cramer Explains What Could Trigger Further Market Decline: 'If You Want To Get Out, Go Ahead ...'

CNBC host Jim Cramer has outlined potential factors that could lead to further market decline, advising investors to be cautious about their buying and selling decisions.

Why James Altucher SOLD All His Bitcoin

Why James Altucher SOLD All His Bitcoin - Ad

Crypto genius James Altucher has been praising Bitcoin since it was trading for $61. But now he's buying another coin like crazy... and it's not Bitcoin!

Southwest Airlines is considering changes to its quirky boarding and seating practices

DALLAS (AP) — Southwest Airlines is studying changes to its quirky boarding and seating policies as it searches for ways to .

Chinese Embassy Condemns Proposed U.S. Tariffs As Examples Of Unilateralism And Protectionism, As Biden Seeks To Court Critical Voters

Biden's tariff warnings indicate continuing U.S.-China tensions, leading to criticism from the Chinese embassy.

Your 2024 Election Money Blueprint

Your 2024 Election Money Blueprint - Ad

Voters are angrier than ever, and it's likely to keep getting worse. The media and Wall Street keep declaring how great the economy supposedly is... but no one -- besides the ultra-rich -- seems to feel that way. Protect yourself with this one simple move today.

NY AG Letitia James Seeks To Void Trump's $175M Bond In Civil Fraud Case

The New York Attorney General Letitia James' office has moved to invalidate the $175 million bond secured by former President Donald Trump.

Courtroom Appearances By These Two Members Of Donald Trump's Family Could Help Him In Hush-Money Trial, Say Experts

As former President Donald Trump faces a hush-money trial, legal experts suggest that the presence of his wife, former First Lady Melania Trump, and daughter, Ivanka Trump, could significantly influence t

Legendary Stockpicker: "Buy This A.I. Stock NOW"

Legendary Stockpicker: "Buy This A.I. Stock NOW" - Ad

His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.

This Man, Who Never Went To University, Is Making $1.2M-A-Year At Deloitte At The Age Of 30

Ben Newton, a former apprentice at Deloitte, has achieved the feat of becoming a partner at the age of 30, earning $1.2 million a year.

Walmart to close its 51 health centers, virtual care service

Walmart is closing its health centers and virtual care service as the retail giant has struggled to find success with the offerings.

Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"

Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software" - Ad

Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months.

US to require automatic emergency braking on new vehicles in 5 years and set performance standards

DETROIT (AP) — In the not-too-distant future, automatic emergency braking will have to come standard on all new passenger vehicles in the United States, a requirement that the government says will save hundreds of lives and prevent thousands of injuries every year.

Micro-Cap Brain Cancer Focused Plus Therapeutics Poised To Receive $3M From US Department of Defense

Plus Therapeutics will secure $3 million in funding from the Department of Defense for pediatric brain cancer trial expansion.

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin]

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin] - Ad

A crypto millionaire is revealing that a different cryptocurrency is going to do even better... It's not simply "buy the dip." Instead, it's a strategy that James learned during the dot com stock market crash. Not only has this strategy worked in a crash... it needs a crash to work best.

Tesla's FSD Nod Win Seen As Move To 'Smooth Over Chinese EV's Entry Into The US Market' Says Redditor

Tesla's FSD milestone in China sparks discussions among investors and enthusiasts, leading to a 10% premarket spike in stock price. Seen as a strategic win, but impact on global EV market and stock remains uncertain.

More cows are being tested and tracked for bird flu. Here's what that means

U.S. health and agriculture officials are and tracking of bird flu in dairy cows in an urgent effort to understand — and stop — the growing outbreak.

Ukraine's "Secret Weapon" Against Russia

Ukraine's "Secret Weapon" Against Russia - Ad

Ukraine has a new weapon that's never been used before in war. This "living software" has been its secret weapon against Russia. The Wall Street Journal Reports: "it's a technical revolution." Early investors can reap 5,633% gains on the small company that makes it.

Atlantic City mayor: I'm committed to my family and city while dealing with daughter abuse charges

ATLANTIC CITY, N.J. (AP) — Atlantic City Mayor Marty Small said Thursday he remains committed to his family and to his city as he deals with charges that he and his wife