Investing.com - Abbott Labs (NYSE:ABT) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Abbott Labs announced earnings per share of $1.32 on revenue of $10.46B. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $10.69B.
Abbott Labs shares are up 10% from the beginning of the year and are trading at $121.93 , down-from-52-week-high.They are under-performing the S&P 500 which is up 10.84% from the start of the year.
Abbott Labs shares lost 2.09% in pre-market trade the report.
Abbott Labs follows other major Healthcare sector earnings this month
Abbott Labs's report follows an earnings beat by J&J on Tuesday, who reported EPS of $2.59 on revenue of $22.32B, compared to forecasts EPS of $2.33 on revenue of $22.01B.
Signify Health had beat expectations on March 24 with first quarter EPS of $0.06 on revenue of $193.5M, compared to forecast for EPS of $0.0535 on revenue of $188.94M.
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