bullish
Abbott Laboratories (ABT US): Q42021 Review- Conservative Guidance Leaves Room For Upside Potential
187 Views27 Jan 2022 23:27
SUMMARY
- Abbott Laboratories (ABT US) Q4 revenue and adjusted EPS beat consensus. Global COVID-19 testing-related sales were $2.3 billion, ahead of consensus of $1.3 billion.
- Management provided conservative guidance for 2022 COVID-19 testing revenue of $2.5 billion, which is expected to be updated on a quarterly basis.
- Abbott expects its medical devices business on a normal run rate in H2 2022. However, its diabetes care portfolio remained resilient and grew faster than the nearest competitor.
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Tina Banerjee
Global Healthcare Analyst
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