ABBOTT PARK, Ill. (AP) _ Abbott Laboratories (ABT) on Wednesday reported third-quarter net income of $1.23 billion.
The Abbott Park, Illinois-based company said it had profit of 69 cents per share. Earnings, adjusted for non-recurring costs, were 98 cents per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The maker of infant formula, medical devices and drugs posted revenue of $8.85 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $8.46 billion.
Abbott expects full-year earnings to be $3.55 per share.
Abbott shares have climbed 25% since the beginning of the year, while the Standard & Poor's 500 index has risen almost 7%. The stock has increased 33% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ABT at https://www.zacks.com/ap/ABT
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