Despite beating the estimates Abbott Laboratories (company that makes diversified line of healthcare products) had decided to fire 700 employees in United States and Puerto Rico as part of a restructuring effort.Following are earnings report of the company.
Revenue details
Abbott Laboratories notched revenue of $10.4 billion. The 18 analysts polled by S&P Capital IQ predicted revenue of $10.6 billion. Sales were 4.1% higher than the prior-year quarter's $10.0 billion.
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