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Abbott Reports 16.5 Percent Earnings Growth in Third Quarter; Raises Earnings Guidance for 2009

- Adjusted EPS Growth of 16.5 Percent (GAAP EPS Growth of 37.7 Percent) -

PR Newswire

posted: 44 DAYS 6 HOURS AGO

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ABBOTT PARK, Ill., Oct. 14 /PRNewswire-FirstCall/ -- Abbott (NYSE: ABT) today announced financial results for the third quarter ended Sept. 30, 2009.

-- Diluted earnings per share, excluding specified items, were $0.92, above Abbott's guidance range of $0.88 to $0.90. Diluted earnings per share under Generally Accepted Accounting Principles (GAAP) were $0.95. The company is raising its ongoing earnings outlook for 2009 to $3.70 to $3.72, above its previous range of $3.65 to $3.70. -- Worldwide operational sales, which excludes an unfavorable 4.9 percent effect of exchange rates, increased 8.4 percent. Reported sales, including the impact of exchange, increased 3.5 percent. Excluding the expected decline in Depakote

2009-10-14 07:47:00

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