Abbott’s 3Q $8.9Bn Sales Beat Wall Street Consensus, Medtech Sales Up 3.4%

Abbott reported strong sales for diagnostics and devices in the third quarter and raised its full-year EPS guidance to $3.55 per share.

Business growth

Abbott ’s reported third-quarter 2020 global sales of $8.9bn beat Wall Street estimates by $314m, driven by its strong position in COVID-19 tests, which reached $881m in sales this quarter, and a strong return in medtech sales, particularly in diabetes care.

After a tough second quarter, the company’s third-quarter sales rose 9.6% from $8

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