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Abbott Reports Double-Digit Sales and Earnings Growth in Fourth Quarter; Confirms Strong Outlook for 2009 Earnings
Date:1/21/2009

ABBOTT PARK, Ill., Jan. 21 /PRNewswire-FirstCall/ -- Abbott (NYSE: ABT) today announced financial results for the fourth quarter ended Dec. 31, 2008.

     --   Diluted earnings per share, excluding specified items, were $1.06,
          reflecting 14.0 percent growth, in line with Abbott's previous
          forecast. Diluted earnings per share under Generally Accepted
          Accounting Principles (GAAP) were $0.98, up 27.3 percent.

     --   Worldwide sales increased 10.1 percent to $8 billion, including an
          unfavorable 2.5 percent effect of exchange rates. Full-year 2008
          sales were nearly $30 billion.

     --   Worldwide pharmaceutical sales increased nearly 10 percent driven by
          double-digit growth in HUMIRA(R), Niaspan(R), and the
          TriCor(R)/TRILIPIX(TM) franchise. Global HUMIRA sales in the quarter
          exceeded $1.3 billion; full-year 2008 global HUMIRA sales were more
          than $4.5 billion.

     --   Worldwide medical products sales increased 15.6 percent; with 58.9
          percent growth in global vascular sales driven by the continued
          success of the XIENCE V(TM) drug-eluting stent (DES), which became
          the market-leading DES in the U.S. during the fourth quarter. Last
          week, Abbott announced the acquisition of Advanced Medical Optics
          (AMO), strengthening and expanding Abbott's medical device business
          with  a global market leader in ophthalmology.

     --   Global nutritional sales increased 11.0 percent, up more than 15
          percent internationally and nearly 7 percent in the U.S.

     --   Abbott is confirming previously issued earnings-per-share guidance
          for the full-year 2009 of $3.65 to $3.70 under both Generally
          Accepted Accounting Princi
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SOURCE Abbott
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