Abbott reports weaker-than-expected 4Q revenue

SHARE Abbott reports weaker-than-expected 4Q revenue

Abbott Laboratories Inc. reported weaker-than-expected fourth-quarter revenue, hurt by disappointing sales of its generic medicines and the lingering impact of an overseas recall of its baby formulas last summer, Reuters reports.

Company officials further spooked investors by forecasting in a conference call that earnings in the first quarter of 2014 would be well below Wall Street expectations. Abbott’s full-year forecast, however, was in line with analyst forecasts and reflects likely double-digit earnings growth.


The Latest
In fatal attacks this weekend, a woman was killed and a gunman was among two others wounded in a shootout Friday night in Chinatown, Chicago police said.
Among the Tony winner’s works seen in Chicago were “Carmen,” “Hamlet” and “Battlefield.”
Residents and tourists gathered to view Saturday’s Navy Pier fireworks show, and Sun-Times’ Tyler Pasciak LaRiviere caught some shots so you can see for yourself. Take a look.
The man, 38, was sitting outside the building about 10 a.m. Sunday in the 700 block of North Springfield Avenue when he was shot in the chest and head, police said.
“Pearl’s Rollin’ With the Blues: A Night with Felicia P. Fields” is a sizzling showcase from the Tony Award-nominated actress.