© Reuters. FILE PHOTO: Abbott Laboratories logo is displayed on a screen at the New York Stock Exchange (NYSE) in New York City, U.S., October 18, 2021. REUTERS/Brendan McDermid/File Photo
(Reuters) – Abbott Laboratories (NYSE:)’ quarterly profit beat analysts’ expectations on Wednesday, aided by strong demand for its diagnostics business and glucose monitoring device FreeStyle Libre.
Excluding one-off items, the healthcare giant reported a profit of $1.03 per share for the fourth quarter ended Dec. 31, higher than the average of analysts’ estimate of 92 cents.
The company also announced an adjusted profit forecast of $4.30 to $4.50 per share for 2023.