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Benzinga
124 days

These Analysts Boost Their Forecasts On Abbott Laboratories After Better-Than-Expected Earnings

1. Abbott's Q1 sales were $10.36 billion, up 7.2% year on year. 2. Adjusted EPS of $1.09 beat consensus and management guidance. 3. Second quarter EPS outlook is $1.23-$1.27, slightly above consensus. 4. Analysts increased price targets for Abbott following earnings announcement. 5. Abbott's stock rose 0.9% to $130.81 after earnings report.

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FAQ

Why Bullish?

Better-than-expected earnings and raised price targets indicate strong investor confidence.

How important is it?

The article discusses earnings beat and analyst upgrades, driving investor interest.

Why Short Term?

Positive earnings surprise likely to influence stock performance in the near term.

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