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Abbott Laboratories Message Board

  • rkgerdes rkgerdes Oct 17, 2012 12:09 PM Flag

    trading lower

    http://www.bloomberg.com/news/2012-10-17/abbott-beats-earnings-estimates-as-it-prepares-to-split.html?cmpid=yhoo

    “We believe shares are trading lower following management’s disclosure on the conference call of a higher-than- expected tax rate for AbbVie,” said Linda Bannister, an analyst with Edward Jones & Co. in Des Peres, Missouri, said in an e- mail. “This is the result of the company’s need to move cash from abroad into the U.S. to fund the dividend going forward.”

 
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50.50-0.19(-0.37%)Aug 3 4:01 PMEDT