Abbott Reports 16 Percent Earnings Growth in First Quarter; Confirms Double-Digit Earnings Growth Outloo... (orted sales increased 6.4 percent. Inter...)

Abbott Reports 16 Percent Earnings Growth in First Quarter; Confirms Double-Digit Earnings Growth Outlook for 2009

Date:4/15/2009

orted sales increased 6.4 percent. International nutritional operational sales increased 17.7 percent.

"Our first-quarter results demonstrate again the value of a well-balanced and highly diverse portfolio of businesses capable of top-tier earnings performance in even the most difficult market conditions," said Miles D. White, chairman and chief executive officer, Abbott. "This quarter our collective businesses delivered mid-teens earnings-per-share growth, including continued strong double-digit operational sales growth in global nutritionals, global vascular and international pharmaceuticals. We also saw significant profitability improvements in our vascular and diagnostics segments."

The following is a summary of first-quarter 2009 sales.



    Quarter Ended 3/31/09
    (dollars in millions)                           % Change vs. 1Q08

                            Sales    Operational    Foreign Exchange  Reported

    Total Sales*            $6,718        5.4             (6.1)         (0.7)

        Total
         International
         Sales              $3,717       10.9            (11.1)         (0.2)

        Total U.S. Sales*   $3,001       (1.3)              --          (1.3)

    Worldwide
     Pharmaceutical
     Sales*                 $3,636        0.9             (6.6)         (5.7)

        International
         Pharmaceuticals    $2,109       12.4            (12.1)          0.3

        U.S.
         Pharmaceuticals*   $1,527      (12.9)              --         (12.9)

    Worldwide
     Nutritional
     Sales                  $1,181       10.6             (4.2)          6.4

        International
         Nutritionals         $574       17.7             (8.8)          8.9

        U.S. Nutritionals
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SOURCE  Abbott
Copyright©2009 PR Newswire.
All rights reserved 
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