Abbott Laboratories (ABT) is an American worldwide health care company. It has 73,000 employees and operates in more than 150 countries. The company headquarters are in Lake Bluff, Illinois. The company was founded by Chicago physician Wallace Calvin Abbott in 1888. In 2014, revenues were $20.2 billion. Abbott has a broad range of branded generic pharmaceuticals, medical devices, diagnostics, nutrition products, including Ensure, a line of meal replacement shakes. The company's in-vitro diagnostics business performs immunoassays and blood screening. Its medical tests and diagnostic instrument systems are used worldwide by hospitals, laboratories, blood banks, and physician offices to diagnose and monitor diseases such as HIV, hepatitis, cancer, heart failure and metabolic disorders, as well as assess other indicators of health. In 1985, the company developed the first HIV blood-screening test. Abbott Point-of-Care manufactures diagnostic products for blood analysis to provide health care professionals diagnostics information at the point of patient care. Abbott also provides point-of-care cardiac assays to the emergency room.
St. Jude Medical (STJ) to Be Purchased by Abbott Labs in $25B Deal STJ up over 27% and ABT down nearly 6%
Reported before open today (10/19/16) Earnings: EPS $0.59 Revenue $5.3B Estimates: EPS $0.58 Revenue $5.29B Down 2.82% today
