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Benzinga
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Abbott Laboratories Issues Weak Earnings Forecast, Joins MP Materials And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

1. Abbott Labs' shares fell 5.1% in pre-market trading. 2. Third-quarter adjusted EPS guidance below analysts' expectations. 3. Company's sales beat market estimates at $11.142 billion. 4. Adjusted earnings reported at $1.26, slightly above estimates. 5. Future adjusted EPS guidance ranges from $1.28 to $1.32.

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FAQ

Why Bearish?

Lower EPS guidance and stock drop indicate waning investor confidence, similar to past declines.

How important is it?

Earnings guidance directly affects stock sentiment and price, likely influencing short-term trading decisions.

Why Short Term?

Immediate response to earnings guidance correlates with short-term price movements; long-term impact is less clear.

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