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Health Check: How Abbott Laboratories is Positioned


Dec. 13 2018, Updated 8:59 a.m. ET

Company overview

Abbott Laboratories (ABT) offers products in four business segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Cardiovascular and Neuromodulation Products. In this series, we’ll explore Abbott’s financials and valuation, and analysts’ views on its stock.

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Abbott’s top line

In the third quarter of this year, Abbott’s total revenue rose YoY (year-over-year) to $7.66 billion from $6.83 billion. The company generated $2.71 billion from the US market and $4.95 billion from the international market, compared with $2.31 billion and $4.52 billion, respectively, in the third quarter of 2017.

Established Pharmaceutical Products revenue fell YoY to $1.16 billion from $1.17 billion, while Nutritional Products sales rose YoY to $1.84 billion from $1.77 billion.

Sales from Abbott’s Diagnostic Products segment, which includes core laboratory, molecular, point of care, and rapid diagnostics, surged YoY to $1.82 billion from $1.28 billion, boosted by rapid diagnostic sales of $481.0 million.

Cardiovascular and Neuromodulation Products sales rose YoY to $2.30 billion from $2.22 billion. Abbott’s other revenue, consisting of diabetes care sales, rose YoY to $532.0 million from $387.0 million. This increase was due to strong performance from the company’s sensor-based continuous glucose monitoring system, FreeStyle Libre, which eliminates the need for routine fingersticks in diabetes patients. Next, we’ll look at Abbott’s gross margin trends.


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