Abbott: raises annual targets

(CercleFinance.com) - Abbott says it is now aiming for an adjusted EPS of between 3.
21 and 3.27 dollars for the year 2019 (and no longer between 3.15 and 3.25 dollars) and organic sales growth of between 7% and 8% (and no longer between 6.5% and 7.5%).

For its second quarter, the healthcare group posts adjusted EPS for continuing operations of 82 cents, thereby surpassing market consensus by two cents, as well as its former target range.

Its revenues are up 2.7% to eight billion dollars, with organic growth of 7.5%, led by its medical equipment (+10.5%), in particular those destined to heart attacks (+24.6%) and diabetes (+35.3%).

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