January 22, 2020 / 12:39 PM / 3 months ago

Abbott quarterly profit soars 60%

Jan 22 (Reuters) - Abbott Laboratories Inc reported a 60% rise in fourth-quarter profit on Wednesday, boosted by strong sales of its diabetes and heart devices.

The company's net earnings rose to $1.05 billion, or 59 cents per share, in the quarter ended Dec. 31, from $654 million, or 37 cents per share, a year earlier.

Net sales of the medical device maker rose 7% to $8.31 billion. (Reporting by Trisha Roy and Tamara Mathias in Bengaluru; Editing by Shinjini Ganguli)

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