3 Things to Cheer About in Abbott's Earnings Report
Abbott Laboratories (NYSE: ABT) disappointed some investors after first-quarter revenue lagged behind analysts' estimates. The stock slipped 3.6% Tuesday following the news. Investors probably were hoping that Abbott's coronavirus diagnostics along with the strength of its star product -- the FreeStyle Libre continuous glucose monitoring system -- would offer revenue a bigger push.
But let's put the report into perspective. Abbott's revenue still rose more than 35% to $10.5 billion in the first quarter. And earnings per share beat analysts' estimates for the fourth consecutive quarter. That isn't all. There are three more elements in the earnings report that should give investors reason to cheer.
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Source Fool.com
