October 17, 2007
Abbott earnings flat as sales climb
By Matthew L. Brown
Illinois-based Abbott Laboratories, which has a facility in Worcester, reported a net earnings increase of 0.2 percent for the third quarter despite revenue growth of 14.4 percent.
The company's net earnings for the quarter were $717 million, and its sales were $6.3 billion. U.S. sales were up 10 percent to $3.13 billion, and international sales were up 19 percent to $3.26 billion, the company said.
The company said the flat earnings growth was the result of acquisition-related charges of about $0.21 per share.
Abbott operates a bioresearch center and manufacturing facility at Research Drive in Worcester.
The company's net earnings for the quarter were $717 million, and its sales were $6.3 billion. U.S. sales were up 10 percent to $3.13 billion, and international sales were up 19 percent to $3.26 billion, the company said.
The company said the flat earnings growth was the result of acquisition-related charges of about $0.21 per share.
Abbott operates a bioresearch center and manufacturing facility at Research Drive in Worcester.
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