Abbott slips after trimming 2026 earnings forecast

London Stock Exchange

16/04/2026 12:43

** Shares of Abbott ABT.N fall 3.5% to $98 premarket

** Co lowers its 2026 adj EPS forecast to between $5.38 and $5.58, compared with prior view of $5.55 to $5.80

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

** Co reports Q1 adj profit of $1.15/share vs analysts' est of $1.14/share - LSEG

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

** As of last close, stock down 18.9% YTD

 (Reporting by Kamal Choudhury in Bengaluru)

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