The Rising Influence of Rising Affluence

[DewDiligence]

ABT—The hit to net income (and EPS) is much more than 2%. ABT used to make a decent profit in Venezuela, but now they’re losing money there.

If ABT were concerned only with the near future, they would surely pull out of Venezuela; however, ABT thinks the economy will right itself in due course.

p.s. Roche simply excluded the loss in Venezuela from all non-GAAP numbers by calling it "an FX issue." ABT is more honest.