Abbott hits 2-year low after trimming 2026 earnings forecast

London Stock Exchange

16/04/2026 15:28

Updates

** Shares of Abbott ABT.N fall 4.45% to over two-year low of $97.04, snapping three-day gaining streak

** Healthcare firm lowers its 2026 adjusted EPS forecast to between $5.38 and $5.58 from prior view of $5.55-$5.80

** Says annual profit forecast will see a 20 cent per share hit due to its recent $23 billion acquisition of Exact Sciences

** Reports Q1 adjusted EPS of $1.15 versus analysts' average estimate of $1.14 - LSEG

** Posts Q1 sales of $11.16 bln vs est of $11 bln - LSEG

** "Abbott reported a disappointing 1Q26 update" J.P. Morgan analysts say

** Including session's move, stock down 22.5% YTD

 (Reporting by Kamal Choudhury and Kunal Das in Bengaluru)

 ((Kamal.Choudhury@thomsonreuters.com;))