Shares of Abbott Laboratories rose more than 1% in Wednesday's session.
Club holding Abbott Laboratories on Wednesday reported mixed fourth-quarter results and 2025 guidance. Still, shares of the medical device maker are up more than 1%, in a sign that investors had low expectations into the release. Revenue in the three months ended Dec. 31 rose 7.2% to $10.97 billion, missing estimates of $11.01 billion, according to data provider LSEG. Organic sales, excluding Covid-19 testing results, were up 10.1% from the year-ago period. Adjusted earnings per share of $1.
" Looking ahead, Ford said Abbott plans to expand the availability of Lingo, its over-the-counter CGM designed for health-conscious consumers without diabetes, into more U.S. cities. It launched in select markets in September . Sales in the nutrition segment — home to Ensure protein powder and PediaSure drinks for kids — were up 4.5% year over year on a reported basis and 7.1% organically. However, the $2.13 billion revenue figure was short of expectations.
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