Abbott Reports 2Q Financial Results
Abbott Laboratories reports its financial results for the second quarter 2011 with a 17 per cent rise in worldwide pharmaceutical sales.
Drug and medical device maker Abbott Laboratories reported Wednesday its financial results for the second quarter 2011.
Worldwide pharmaceutical sales increased 17% in the quarter to $4.1 billion, driven by Humira, Niaspan and Kaletra. Humira sales were $1.1 billion in the quarter (+48%), Niaspan sales were $194 million (+14%) and Kaletra sales were $355 million (+13%). R&D expenses grew 13% to $657 million in the quarter. Pharmaceutical sales were $8.0 billion for the first half of the year (+16%). Humira sales reached nearly $2.0 billion in 1H08 (+51%).
2Q Revenues: $7.3 billion (+15%)
2Q Earnings: $1.3 billion (+34%)
YTD Revenues:
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