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More on Abbott Labs (ABT) Q3: net profit soars to $1.94B from $303M as operating margin soars to...
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Wednesday, October 17, 2012, 9:00 AM ETMore on Abbott Labs (ABT) Q3: net profit soars to $1.94B from $303M as operating margin soars to 20.4% from 6.1%. Total op costs -16%, with last year's SG&A expenses including $1.5B of litigation reserves. Abbot narrows FY EPS guidance to $5.06-$5.08 from $5-$5.10 previously and vs. consensus of $5.06. Says the separation into two companies is on track for Jan. 1.
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