Abbott Laboratories Q3 Profit Beats Estimates

(RTTNews) - Abbott Laboratories (ABT) announced a profit for third quarter that beat the Street estimates.

The company's earnings totaled $1.44 billion, or $0.82 per share. This compares with $1.44 billion, or $0.81 per share, in last year's third quarter.

Excluding items, Abbott Laboratories reported adjusted earnings of $2.00 billion or $1.14 per share for the period.

Analysts on average had expected the company to earn $1.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 2.6% to $10.14 billion from $10.41 billion last year.

Abbott Laboratories earnings at a glance (GAAP) :

-Earnings (Q3): $1.44 Bln. vs. $1.44 Bln. last year. -EPS (Q3): $0.82 vs. $0.81 last year. -Analyst Estimates: $1.04 -Revenue (Q3): $10.14 Bln vs. $10.41 Bln last year.

-Guidance: Full year EPS guidance: $4.42 to $4.46