Abbott Labs' surprise guidance bump is a major positive for its shareholders

We also love that EPS results on Tuesday came in above the range management had forecasted.

Tekef Tekef
Apr 18, 2024 - 21:07
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Abbott Labs' surprise guidance bump is a major positive for its shareholders

An Abbott Labs employee gets the BinaxNOW rapid Covid-19 antigen test at her workplace.

Abbott Labs

Abbott Laboratories delivered a top and bottom line beat Wednesday and surprised investors by raising its full-year guidance — a show of confidence by the medical device maker not seen in a first quarter since 2016.