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Abbott Laboratories Q1 adjusted earnings beat estimates

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Christian Fernsby |
Abbott Laboratories
Abbott Laboratories   The company's bottom line totaled $672 million, or $0.38 per share

Abbott Laboratories (ABT) announced a profit for its first quarter that advanced from last year.

The company's bottom line totaled $672 million, or $0.38 per share. This compares with $418 million, or $0.23 per share, in last year's first quarter.

Excluding items, Abbott Laboratories reported adjusted earnings of $1.13 billion or $0.63 per share for the period.

Analysts had expected the company to earn $0.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.0% to $7.54 billion from $7.39 billion last year.

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