Abbott on track for best day in 2 years after reaffirming forecast amid tariff risks
ReutersApr 16, 2025 4:21 PM
Shares of medical device maker Abbott ABT.N rise 5.4% to $133.05
*ABT is the top performer on the S&P 500 .SPX index on Wednesday
Stock has its best day since April 2023, if gains hold
ABT, in a conference call, says it doesn't expect any tariff impact in Q2
Impact of tariffs is projected to be a few hundred million dollars in 2025 - company
ABT reaffirms its annual profit per share forecast of between $5.05 and $5.25, but beats Q1 earnings estimate
Company says two new manufacturing and R&D investments in Illinois and Texas, totaling $500 million, are projected to go live by the end of 2025
Up to last close, stock up 11.6% YTD
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