Categories Earnings, Other Industries

Earnings preview: Abbott banks on medical devices for Q2 growth

Abbott Laboratories (NYSE: ABT) is set to release its earnings results for the second quarter of 2019 on Wednesday before the market opens. The bottom line will be benefited by lower costs and expenses while the top line will be driven by greater return from its segments Medical Devices, Diagnostics, and Nutrition.

For the second quarter, the company is expected to achieve high productive and robust growth trends helped by new product pipeline after investing consistently in its research and development. The Medical Devices growth depended on the cardiac mapping, ablation catheters, Structural Heart and Diabetes Care while Diagnostics will bank on diagnostic instruments Alinity and infectious disease testing.

Abbott’s revenues are derived primarily from the sale of a broad line of health care products under short-term receivable arrangements. The company’s primary products are cardiovascular and neuromodulation products, diagnostic testing products, nutritional products and branded generic pharmaceuticals. Sales in international markets comprise about 65% of consolidated net sales.

Abbott banks on medical devices for Q2 growth
Photo Courtesy: Abbott / Facebook post

Analysts expect the company’s earnings to increase by 9.60% to $0.80 per share and revenue will rise by 2.90% to $8 billion for the second quarter. In comparison, during the previous year quarter, Abbott reported a profit of $0.73 per share on revenue of $7.77 billion. The company has surprised investors by beating the analysts’ expectations twice in the past four quarters.

For the first quarter, the company reported a 61% jump in earnings helped by lower costs and expenses. Sales rose by 2% on reported basis and 7.1% on an organic basis. The results benefited from double-digit growth in Electrophysiology, Heart Failure, Structural Heart and Diabetes Care of Medical Devices segment.

For the second quarter, Abbott expects GAAP earnings in the range of $0.47 to $0.49 per share and adjusted earnings from continuing operations of $0.79 to $0.81 per share. For full-year 2019, the company predicts GAAP earnings in the range of $1.95 to $2.05 per share and adjusted earnings of $3.15 to $3.25 per share.

Also read: Alcoa Q2 earnings preview

The reduction of cash and cash equivalents from $3.8 billion at December 31, 2018 to $3 billion at March 31, 2019 primarily reflects repayment of $500 million of debt, the payment of dividends and capital expenditures. Working capital was $5.3 billion at March 31, 2019 and $5.6 billion at December 31, 2018, due to the decrease in cash partially offset by an increase in inventory and accounts receivable.

Shares of Abbott ended Monday’s regular session down 0.13% at $83.81 on the NYSE. The stock has risen over 32% in the past year and over 8% in the past three months.

Listen to on-demand earnings calls and hear how management responds to analysts’ questions

Most Popular

ADBE Earnings: Adobe reports higher Q2 earnings; results beat estimates

Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in second-quarter 2024 revenue and earnings. The results also topped expectations. Second-quarter revenues came in at $5.31 billion,

Dollar Tree (DLTR): A look at the discount retailer’s growth initiatives at its namesake banner

Shares of Dollar Tree, Inc. (NASDAQ: DLTR) were down over 1% on Thursday. The stock has dropped 24% year-to-date. The company delivered sales and GAAP earnings growth for the first

Key highlights from Signet Jewelers’ (SIG) Q1 2025 earnings results

Signet Jewelers Limited (NYSE: SIG) reported first quarter 2025 earnings results today. Sales decreased 9.4% year-over-year to $1.5 billion. Sales were down 9.6% on a constant currency basis. Same-store sales


  1. Pingback: MBA tuition fees
  2. Pingback: fue
  3. Pingback: MBA tuition fees
  4. Pingback: Political Science
  5. Pingback: Globalization
  6. Pingback: Higher education
  7. Pingback: Msc in dental
  8. Pingback: pulleys machine
  9. Pingback: abducteurs muscles
  10. Pingback: glucotrust
  11. Pingback: liv pure
  12. Pingback: Fiverr Earn
  13. Pingback: Fiverr Earn
  14. Pingback: Fiverr Earn
  15. Pingback: Fiverr Earn
  16. Pingback: Fiverr Earn
  17. Pingback:
  18. Pingback:
  19. Pingback: flatbed broker
  20. Pingback: shipping broker
  21. Pingback:
  22. Pingback: clima de hoy
  23. Pingback:
  24. Pingback:
  25. Pingback:
  26. Pingback: chocolate frenchie
  27. Pingback: blockchain
  28. Pingback: future university
  29. Pingback: future university
  30. Pingback: future university
  31. Pingback: future university
  32. Pingback: six sigma
  33. Pingback: Piano tuning
  34. Pingback: FUE
  35. Pingback: Commercial moving
  36. Pingback: Classic Books 500
  37. Pingback: Fiverr.Com
  38. Pingback: FiverrEarn
  39. Pingback: FiverrEarn
  40. Pingback: FiverrEarn
  41. Pingback: partners
  42. Pingback: FiverrEarn
  43. Pingback: FiverrEarn
  44. Pingback: FiverrEarn
  45. Pingback: live sex cams
  46. Pingback: live sex cams
  47. Pingback: live sex cams
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: Cow
  62. Pingback: dictionary
  63. Pingback: garden
  64. Pingback: Kuliah Termurah
  65. Pingback: FiverrEarn
  66. Pingback: FiverrEarn
  67. Pingback: live sex cams
  68. Pingback: live sex cams
  69. Pingback: rare breed-trigger
  70. Pingback: 늑대닷컴
  71. Pingback: Bonus reload
  72. Pingback: allgame
  73. Pingback: 918kiss
  74. Pingback: หวย24
  75. Pingback: pg slot
  76. Pingback: regles 421
  77. Pingback: cybersécurité
  78. Pingback: Raahe Guide
  79. Pingback: electronic visa
  80. Pingback: 44 mag ammo
  81. Pingback: itsMasum.Com
  82. Pingback: Nangs delivery
  83. Pingback: Plombier Tours
  84. Pingback: link
  85. Pingback:
  86. Pingback: baghdad jobs
  87. Pingback: helsinki jobs

Comments are closed.

Add Comment
Viewing Highlight