US0028241000 - Common Stock
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Shares soared out of a buy zone after beating third-quarter forecasts and raising its outlook for 2024.
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Top S&P500 movers in Friday's session
Lawyers for the plaintiff had been arguing for a $6.2 billion verdict.
Friday's pre-market session: top gainers and losers in the S&P500 index
Shares of Reckitt Benckiser Group Plc jumped the most in 24 years following a US jury verdict that cleared it and Abbott Laboratories over claims they hid potential risks of their premature-infant formulas.
Abbott Laboratories and a unit of Reckitt Benckiser Group Plc were cleared by a jury over claims they hid risks their premature-infant formulas can cause a bowel disease that severely sickened a baby boy.
These healthcare stocks have fantastic dividend track records.
/PRNewswire/ -- Abbott (NYSE: ABT) today announced a new, first-of-its-kind clinical trial designed to improve outcomes in patients with worsening heart...
The company is performing well despite recently losing its biggest growth driver.
These companies' longtime shareholders have generally been rewarded.
The Dow Jones and S&P 500 hit highs as they extended weekly win streaks.
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The healthcare stock is lagging the market this year.
Investors bumped its shares higher following a decent, if unspectacular, earnings report.
ABT earnings call for the period ending September 30, 2024.
Medical devices led organic sales growth.
The company now expects a full-year profit of $4.64 to $4.70 per share, with the midpoint a tad higher than that of its earlier forecast of $4.61 to $4.71 per share. On an adjusted basis, the company's quarterly profit of $1.21 per share beat analysts' average expectations of $1.20 per share, according to estimates compiled by LSEG.
Abbott Laboratories narrowed its full-year profit outlook as strong demand for medical devices, particularly those used by patients with diabetes, continued driving growth.