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DewDiligence

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Re: DewDiligence post# 355

Wednesday, 04/19/2017 9:01:39 AM

Wednesday, April 19, 2017 9:01:39 AM

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ABT +2%/PM on 1Q17 results:

http://finance.yahoo.com/news/abbott-reports-first-quarter-2017-114500041.html

1Q17 non-GAAP EPS was $0.48, beating the Street consensus and ABT’s prior guidance of $0.42-0.44. 1Q17 sales grew 30% YoY including the contribution from STJ, and 3% YoY excluding STJ. (The ABT-STJ merger closed on 1/4/17.)

Non-GAAP EPS guidance for 2017 is unchanged at $2.40-2.50.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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