ABBOTT PARK, Ill. (AP) _ Abbott Laboratories (ABT) on Wednesday reported third-quarter profit of $2.1 billion.

The Abbott Park, Illinois-based company said it had net income of $1.17 per share. Earnings, adjusted for one-time gains and costs, were $1.40 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The maker of infant formula, medical devices and drugs posted revenue of $10.93 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $9.48 billion.

Abbott expects full-year earnings in the range of $5 to $5.10 per share.

Abbott shares have climbed 9% since the beginning of the year, while the S&P's 500 index has risen 20%. The stock has climbed 10% 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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