News
23 Jul 2012
Abbott Reports Q2 Results
Abbott has reported strong financial results for the second quarter ended June 30, 2012.
Global healthcare company Abbott has announced financial results for the second quarter ended June 30, 2012.
Diluted earnings per share, excluding specified items, were $1.23, reflecting 9.8 percent growth, exceeding Abbott's guidance range. Diluted earnings per share under Generally Accepted Accounting Principles (GAAP) were $1.08, including specified items.
Excluding foreign exchange, worldwide sales increased 6.7 percent. Reported sales increased 2.0 percent, including an unfavorable 4.7 percent effect of foreign exchange.
Second-quarter results included an adjusted gross margin ratio of 63.3 percent, an increase of 310 basis points over 201
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