Investing.com - Abbott Labs (NYSE:ABT) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.63 on revenue of $7.54B. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $7.47B. That compared to EPS of $0.59 on revenue of $7.39B in the same period a year earlier. The company had reported EPS of $0.81 on revenue of $7.77B in the previous quarter.
Abbott Labs shares gained 0.55% to trade at $76.80 in pre-market trade following the report.
For the year, Abbott Labs shares are up 5.6%, under-performing the S&P 500 which is up 17.36% year to date.
Abbott Labs follows other major Healthcare sector earnings this month
On Tuesday, J&J reported first quarter EPS of $2.1 on revenue of $20.02B, compared to forecasts of EPS of $2.04 on revenue of $19.62B.
LivaNova PLC earnings missed analyst's expectations on Wednesday, February 27, 2019, with fourth quarter EPS of $0.95 on revenue of $297M. Investing.com analysts expected EPS of $1.1 on revenue of $294.99M
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar