By Connor Hart
Abbott Laboratories backed its full-year outlook after posting higher sales in the third quarter, boosted by sales of its nutrition shakes and drinks for adults.
The healthcare-products maker on Wednesday posted a profit of $1.64 billion, or 94 cents a share, roughly flat from a year ago.
Stripping out one-time items, adjusted earnings were $1.30 a share, in line with analyst expectations, according to FactSet.
Sales rose 6.9% to $11.37 billion, also in line with Wall Street models.
The company said growth in the quarter was led by adult nutrition, where sales increased 5.8%, led by its Ensure nutritional shakes and drinks.
For the year, Abbott narrowed its adjusted earnings outlook to $5.12 to $5.18 a share, compared with a prior view of $5.10 to $5.20 a share. It backed its organic sales growth forecast of 6% to 7% when including Covid-19 testing-related sales.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
October 15, 2025 07:47 ET (11:47 GMT)
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