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DewDiligence

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DewDiligence

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Re: DewDiligence post# 10397

Wednesday, 10/21/2015 9:59:17 AM

Wednesday, October 21, 2015 9:59:17 AM

Post# of 29408
ABT's 3Q15 sales jump 11% in constant currency:

http://finance.yahoo.com/news/abbott-reports-third-quarter-2015-114500954.html

CEO Miles White said, “The slowdown in China does not apply to drugs.”

3Q15 results were adversely affected by the strong US Dollar, but YoY sales growth in constant currency was a robust 11% (excluding the MYL divestiture), the same growth rate as in 2Q15 (#msg-115595349).

ABT tightened 2015 guidance for non-GAAP EPS to $2.14-2.16 (from old range of $2.10-2.10).

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

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