Earnings

Abbott Labs’ surprise guidance bump is a major positive for its shareholders

Abbott Labs’ surprise guidance bump is a major positive for its shareholders

An Abbott Labs employee gets the BinaxNOW rapid Covid-19 antigen test at her workplace.
Abbott Labs

Abbott Laboratories delivered a top and bottom line beat Wednesday and surprised investors by raising its full-year guidance — a show of confidence by the medical device maker not seen in a first quarter since 2016.

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