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Abbott sales up

29 January 2015 13:13

Abbott Laboratories saw fourth-quarter worldwide sales rise to $5.4bn from continuing operations - an increase of 10.2% on an operational basis, including double-digit growth in emerging markets.

Worldwide sales increased 5.6% on a reported basis, including an unfavourable 4.6% effect of foreign exchange.

Abbott reports diluted earnings per share, excluding specified items, of $0.71 in the fourth quarter and $2.28 for the full year, above its previous guidance range and reflecting 13.4% growth. This includes results from both continuing and discontinued operations. Reported diluted EPS under GAAP was $0.59 in the fourth quarter and $1.49 for the full year.

EPS guidance for continuing operations, excluding specified items, for thjis year is $2.10 to $2.20. Projected full-year 2015 EPS for continuing operations under GAAP is $1.33 to $1.43.

Chairman and chief executive Miles D. White said: "We ended 2014 with good momentum, well positioned for a step-up in operational sales growth in 2015.

"While we'll need to manage through currency headwinds again in 2015, we're targeting another year of top-tier earnings growth."

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