May. 2, 2014, 4:13 PM
Apr. 16, 2014, 9:02 AM
- Overall operational sales for Q1 grew 0.5% for Abbott Laboratories (ABT) to ~$5.2B. Diagnostics and Medical Devices grew 5.1% and 0.3%, respectively, while Nutrition fell 1.7% and Pharmaceuticals fell 0.7%.
- International operations continue to deliver higher growth rates than domestic ops.
- Ex-U.S. business delivered ~72% of global sales.
- In the Nutrition segment, Adult International grew 12.4% versus growth in the U.S. of 5.2%. Pediatric fell in both markets.
- Diagnostics grew in all segments and markets led by Molecular's 12.6% and POC's 10% increase internationally.
- Pharmaceutical sales in key emerging markets (led by BRIC) were almost flat with a slight 0.2% gain.
- International Device sales grew 4.7%.
- Management confirms its 2014 EPS guidance range of $2.16 - $2.26 ex items.
- GAAP EPS range for the fiscal year is $1.13 - $1.23.
- Press release
Apr. 16, 2014, 7:47 AM| Comment!
Apr. 16, 2014, 12:05 AM
Apr. 15, 2014, 5:30 PM
Mar. 28, 2014, 12:53 PM
- Abbott Labs' (ABT +0.2%) Supera Peripheral Stent System gets a thumbs up from the FDA. The product is approved for the treatment of people with blocked blood vessels in the upper leg caused by peripheral artery disease.
- Abbott gained access to the stent via its acquisition of IDEV Technologies last August.
Feb. 21, 2014, 12:13 PM
Jan. 22, 2014, 8:16 AM
- Abbott Labs (ABT -0.3%) net profit -44% to $589M.
- Sales breakdown: Nutrition -0.8% to $1.7B; Diagnostics +5.9% to $1.2B; Established Pharmaceuticals -4.3% to $1.29B; Medical Devices +2% to $1.43B.
- Plans to increase share repurchases in 2014 to over $2B.
- Abbott expects 2014 adjusted EPS of $2.16-2.26, "representing double-digit growth at the mid-point of the guidance range;" consensus is for $2.21.
- The company also expects to take $1.03 in special items, including a tax expense associated with a projected one-time repatriation of 2014 ex-U.S. earnings. (PR)
Jan. 22, 2014, 7:49 AM| Comment!
Jan. 22, 2014, 12:05 AM
Jan. 21, 2014, 5:30 PM
Jan. 6, 2014, 2:09 PM
- McKesson (MCK -0.1%) upgraded to Strong Buy from Outperform at Raymond James.
- DaVita (DVA +0.4%) upgraded to Outperform from Market Perform at Raymond James.
- Idenix Pharmaceuticals (IDIX -0.3%) upgraded to Buy from Neutral at UBS.
- Abbott Labs (ABT +1.5%) upgraded to Overweight from Equalweight at Morgan Stanley.
- Medtronic (MDT +2%) upgraded to Overweight from Neutral at JPMorgan. Price target is $69.
- Vertex Pharmaceuticals (VRTX +2.5%) upgraded to Buy from Neutral at UBS.
- Ocera Therapeutics (OCRX +2.7%) upgraded to Outperform from Market Perform at BMO.
- Boston Scientific (BSX +3.2%) upgraded to Overweight from Equalweight at Morgan Stanley.
- Exelixis (EXEL +4.6%) upgraded to Overweight from Neutral at Piper.
- St. Jude Medical (STJ +3.8%) upgraded to Overweight from Equalweight at Morgan Stanley.
Dec. 30, 2013, 11:16 AM
- Abbott Laboratories (ABT -0.2%) is set to pay $5.5M to settle allegations it inappropriately paid doctors to speak about the company's carotid, biliary and peripheral vascular products while expecting the physicians would then facilitate sales of the products to hospitals.
- ABT says it settled to avoid a lengthy legal battle and believes it acted appropriately.
Dec. 23, 2013, 6:05 PM
- Carlyle Group (CG) appears to be the leader to acquire Johnson & Johnson's (JNJ) clinical diagnostics unit, beating out P-E peer Blackstone (BX) and its partner Danaher (DHR), Reuters reports.
- The exact price of CG's offer is not known, but a deal likely would fetch ~$4B and could be completed within the next two weeks.
- JNJ's ortho clinical diagnostics unit makes blood-screening equipment and laboratory blood tests; it's a small player in a market led by Roche (RHHBY, RHHBF), Siemens (SI), Abbott Labs (ABT) and DHR.
Dec. 18, 2013, 3:17 PM
- Jefferies has a new list it's calling "Franchise Picks."
- Making the grade from the healthcare space is Abbott Laboratories (ABT +4%) where Jefferies "expects margin and multiple expansion."
- The "company deserves a higher multiple given their ability to continue to grow margins and because the lower multiple device business is only 20% of sales," the firm's research team adds.
Nov. 27, 2013, 4:15 PM
ABT vs. ETF Alternatives
Abbott Laboratories discovers, develops, manufactures and sells health care products. Its products include branded generic pharmaceuticals manufactured internationally, marketed and sold outside the United States.
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