Abbott Laboratories Boosts FY25 Adj. EPS Outlook - Update
(RTTNews) - While reporting financial results for the second quarter on Wednesday, Abbott Laboratories (ABT) provided adjusted earnings guidance for the third quarter and raised its adjusted earnings outlook for the full-year 2025.
For the third quarter, Abbott projects adjusted earnings in a range of $1.28 to $1.32 per share.
On average, 22 analysts polled expect the company to report earnings of $1.33 per share for the quarter. Analysts' estimates typically exclude special items. Looking ahead to fiscal 2025, the company now projects adjusted earnings in the range of $5.10 to $5.20 per share on organic sales growth of 7.5 to 8.0 percent or 6.0 to 7.0 percent when including COVID-19 testing-related sales.
Previously, the company expected adjusted earnings in the range of $5.05 to $5.25 per share on organic sales growth of 7.5 to 8.5 percent.
The Street is looking for earnings of $5.16 per share on revenue growth of 6.40 percent to $44.63 billion for the year.
On Tuesday, the board of directors of Abbott declared a quarterly dividend of $0.59 per share, payable on August 15, 2025, to shareholders of record at the close of business on July 15, 2025.
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