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Abbott Laboratories Reports Healthy First-Quarter Profit

Tony Owusu

were down 2.8% in trading Wednesday despite the drug company and medical device maker reporting first-quarter earnings that topped its own forecast. Analysts polled by FactSet were expecting the company to report earnings of 61 cents per share on revenue of $7.48 billion. "We're right on track with our expectations to start the year," said Abbott's Chairman and CEO Miles D. White.