Abbott Labs sees 17.8% leap in 2nd-qtr 2010 sales, but profits flat due to costs
US health care major Abbott Laboratories posted financial for the second quarter ended June 30, 2010, showing that profits were flat at $1.29 billion, or $0.83 a share, although excluding one-time costs earnings per share would have been $1.01.Revenues, however, jumped 17.8% to $8.83 billion from $7.5 billion. Analysts expected $1 per share and $8.84 billion in revenue, according to a survey by Thomson Reuters.
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