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Here's What Key Metrics Tell Us About Abbott (ABT) Q3 Earnings
ABTAbbott(ABT) ZACKS· ZACKS·2024-10-16 14:30

Core Insights - Abbott reported revenue of 10.64billionforthequarterendedSeptember2024,reflectingayearoveryearincreaseof4.910.64 billion for the quarter ended September 2024, reflecting a year-over-year increase of 4.9% and an EPS of 1.21, up from 1.14inthesamequarterlastyear[1]TherevenueexceededtheZacksConsensusEstimateof1.14 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of 10.56 billion by 0.71%, while the EPS also surpassed the consensus estimate of 1.20by0.831.20 by 0.83% [1] Financial Performance Metrics - **Nutrition - U.S.**: Net sales of 950 million, exceeding the average estimate of 918.13million,withayearoveryearincreaseof10.5918.13 million, with a year-over-year increase of 10.5% [2] - **Nutrition - International**: Net sales of 1.12 billion, below the average estimate of 1.26billion,representingayearoveryeardeclineof81.26 billion, representing a year-over-year decline of 8% [2] - **Diagnostics - International**: Net sales of 1.38 billion, slightly below the average estimate of 1.39billion,withayearoveryeardecreaseof3.91.39 billion, with a year-over-year decrease of 3.9% [2] - **Diagnostics - U.S.**: Net sales of 1.03 billion, surpassing the average estimate of 919.77million,reflectingayearoveryearincreaseof1.9919.77 million, reflecting a year-over-year increase of 1.9% [2] - **Diagnostics Total**: Net sales of 2.41 billion, exceeding the average estimate of 2.31billion,withayearoveryeardeclineof1.52.31 billion, with a year-over-year decline of 1.5% [2] - **Medical Devices - Diabetes Care**: Net sales of 1.73 billion, slightly above the average estimate of 1.72billion,withayearoveryearincreaseof17.21.72 billion, with a year-over-year increase of 17.2% [2] - **Nutrition Total**: Net sales of 2.07 billion, below the average estimate of 2.17billion,representingayearoveryeardeclineof0.32.17 billion, representing a year-over-year decline of 0.3% [2] - **Medical Devices - Rhythm Management**: Net sales of 597 million, slightly above the average estimate of 595.52million,withayearoveryearincreaseof6595.52 million, with a year-over-year increase of 6% [2] - **Medical Devices Total**: Net sales of 4.75 billion, exceeding the average estimate of 4.70billion,withayearoveryearincreaseof11.74.70 billion, with a year-over-year increase of 11.7% [2] - **Medical Devices - Neuromodulation**: Net sales of 236 million, below the average estimate of 242.90million,withayearoveryearincreaseof4242.90 million, with a year-over-year increase of 4% [2] - **Established Pharmaceuticals**: Net sales of 1.41 billion, matching the average estimate, with a year-over-year increase of 2.8% [2] - Medical Devices - Vascular: Net sales of 699million,slightlyabovetheaverageestimateof699 million, slightly above the average estimate of 695.35 million, with a year-over-year increase of 4% [2] Stock Performance - Abbott's shares have returned -1.8% over the past month, while the Zacks S&P 500 composite has increased by 3.5% [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]