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Heart devices lift Abbott Labs to solid quarter

Apr 19, 2018 - Star Tribune (Minneapolis, Minnesota)

Solid sales of insertable heart monitors and insulin pumps helped propel Abbott Laboratories to Wall Street-beating sales and adjusted earnings during the first quarter, as the company reaffirmed expectations to grow earnings by about 14 percent this year.

The Illinois-based maker of medical devices and baby formula reported adjusted earnings of 59 cents per share, a penny better than consensus estimates of analysts. Its $7.39 billion in total revenue, nearly 17 percent above year-ago leve

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