Abbott rose nearly 4% in morning trading as it announced better-than-expected third-quarter financial results and raised guidance

Abbott rose nearly 4% in morning trading as it announced better-than-expected third-quarter financial results and raised guidance. The company reported quarterly earnings of $1.40 per share, which beat the estimate of 94 cents per share. The company reported quarterly revenue of $10.9 billion, which beat the estimate of $9.54 billion.

It raised its full-year 2021 earnings guidance from a range of $4.30 to $4.50 per share to a range of $5 to $5.10 per share versus the estimate of $4.45 per share.