{"id":613502,"date":"2026-04-19T01:19:33","date_gmt":"2026-04-19T01:19:33","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/613502\/"},"modified":"2026-04-19T01:19:33","modified_gmt":"2026-04-19T01:19:33","slug":"abbott-first-quarter-results-beat-on-cancer-diagnostics-medical-device-strength","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/613502\/","title":{"rendered":"Abbott first-quarter results beat on cancer diagnostics, medical device strength"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">April 16 (Reuters) &#8211; Abbott marginally beat Wall Street estimates for \u200cquarterly profit and revenue \u200con Thursday, partially helped by its newly \u200bacquired cancer diagnostics business.<\/p>\n<p class=\"yf-1fy9kyt\">The company also benefited from continued strength in its medical device unit, \u200cits largest in \u2060terms of revenue.<\/p>\n<p class=\"yf-1fy9kyt\">On an adjusted basis, the company \u2060reported first-quarter profit per share of $1.15, compared with analysts&#8217; estimate \u200bof $1.14, according \u200bto data \u200bcompiled by LSEG.<\/p>\n<p class=\"yf-1fy9kyt\">Total \u200crevenue came in at $11.16 billion in the first quarter, compared with expectations of $11 billion.<\/p>\n<p class=\"yf-1fy9kyt\">Abbott agreed to buy cancer-test maker Exact \u200cSciences in November for $105 \u200ba share in \u200ba \u200bdeal valued at up \u200cto $23 billion, marking one of \u200bits largest \u200bacquisitions and a major push into the fast\u2011growing cancer \u200bdiagnostics market.<\/p>\n<p class=\"yf-1fy9kyt\">(Reporting \u200cby Siddhi Mahatole and Puyaan \u200bSingh in Bengaluru; Editing \u200bby Devika Syamnath)<\/p>\n","protected":false},"excerpt":{"rendered":"April 16 (Reuters) &#8211; Abbott marginally beat Wall Street estimates for \u200cquarterly profit and revenue \u200con Thursday, partially&hellip;\n","protected":false},"author":2,"featured_media":613503,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[49,48,7714,84,392,230915,197411],"class_list":["post-613502","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-ca","tag-canada","tag-cancer","tag-health","tag-healthcare","tag-quarterly-profit-and-revenue","tag-total-revenue"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/613502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=613502"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/613502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/613503"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=613502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=613502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=613502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}