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Jul 16, 2026
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Abbott Raises Profit Forecast

OBBM Network Editorial Staff
July 16, 2026
Abbott Raises Profit Forecast

Abbott raised its annual profit forecast on Thursday, as it expects strong demand for its heart devices in the second half of the year.

Financial Outlook

The company expects an adjusted profit in the range of $5.45 to $5.60 per share for 2026, compared with its previous forecast between $5.38 and $5.58 per share.

Analysts on average were expecting its annual profit to be $5.49 per share, according to data compiled by LSEG.

The medical device maker reported quarterly adjusted profit per share of $1.31, beating analysts’ estimate of $1.28.

Total revenue came in at $12.6 billion for the second quarter, compared with expectations of $12.5 billion.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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Editorial team behind OBBM Network — independent, hyper-local journalism syndicated through HyperLocalLoop and OBBM Network TV.

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