Categories AlphaGraphs, Earnings, Health Care

Infographic: Highlights of Abbott Laboratories’ Q1 2023 results

Healthcare company Abbott Laboratories (NYSE: ABT) announced financial results for the first quarter of 2023, reporting a decline in net sales and adjusted earnings.

Abbott Laboratories Q1 2023 earnings infographic

First-quarter net sales dropped 18% year-over-year to $9.75 billion. The decline is primarily due to a decrease in COVID-19 testing-related sales versus the prior year.

Consequently, the company’s adjusted earnings, excluding special items, dropped to $1.03 per share in the latest quarter from $1.73 per share in the same period of last year. Unadjusted net income was $1.32 billion or $0.75 per share, compared to $2.45 billion or $1.37 per share last year.

Prior Performance

  • Abbott-Laboratories-Q4-2022-Earnings-Infographic
  • Abbott Laboratories Q2 2022 Earnings Infographic

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