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MarketWatch MarketPulseOct 20, 2021
Abbott Laboratories stock surges after big profit and sales beats, and upbeat full-year outlook
Shares of Abbott Laboratories rallied 2.8% in premarket trading Wednesday, after the health care company reported third-quarter profit and sales that rose well above expectations, with the strongest growth seen in its diagnostics business, and provided an upbeat full-year outlook. Net income rose to $2.52 billion, or $1.17 a share, from $1.76 billion, or 69 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share rose to $1.40 from 98 cents to beat the FactSet consensus of 94 cents. Sales grew 23.4% to $10.93 billion, above the FactSet consensus of $9.56 billion, as nutrition sales rose 9.6%, diagnostics sales increased 48.2%, established pharmaceuticals sales grew 15.15 and medical devices sales rose 14.6%. Sales growth outpaced the 13.9% rise in operating costs and expenses. For 2021, the company expects adjusted EPS of $5.00 to $5.10, compared with the FactSet consensus of $4.46. Abbott Labs' stock has gained 9.0% year to date through Tuesday, while the S&P 500 has rallied 20.3%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsOct 20, 2021
Dow Jones Futures: Market Rally, Bitcoin Near Highs, Netflix Leads Earnings Movers; Tesla On Tap - Investor's Business Daily
Dow Jones Futures: Market Rally, Bitcoin Near Highs, Netflix Leads Earnings Movers; Tesla On Tap  Investor's Business DailyStock market news live updates: Stock futures drift as earnings roll in  Yahoo FinanceFirst Bitcoin ETF Jumps 4.8% in Market Debut  NewserStocks rise broadly; J&J leads gains for health care sector  KARK

MarketWatch MarketPulseOct 20, 2021
Coronavirus tally: Global cases of COVID-19 head toward 242 million and WHO says Europe only region with rising cases
The global tally for the coronavirus-borne illness climbed above 241.6 million on Wednesday, while the death toll edged above 4.91 million, according to data aggregated by Johns Hopkins University. The U.S. continues to lead the world with a total of 45.1 million cases and 728,296 deaths. The U.S. is averaging more than 1,500 deaths a day, according to a New York Times tracker, although cases and hospitalizations are declining. The World Health Organization said the only region with rising cases in the past week was Europe, where the U.K., Russia and Turkey are suffering the most new infections. In its weekly epidemiological update, the agency said more than half of European countries reported a rise in their numbers in the most recent week and cases rose by about 1.3 million. The news comes as Russia, the country with the most COVID fatalities in the region, repeatedly set new one-day death toll records as its population continues to avoid vaccination. And while the head of Britain's National Health Service has urged the government to introduce stricter COVID-19 protocols including mask-wearing and the faster vaccination of children, politicians have so far demurred, as the Associated Press reported.. India is second by cases after the U.S. at 34.1 million and has suffered 452,651 deaths. Brazil has second highest death toll at 603,855 and 21.7 million cases. In Europe, Russia has 222,3120 deaths, followed by the U.K. at 139,265.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchOct 19, 2021
Market Snapshot: S&P 500 rises for fifth straight day as stocks end higher after upbeat earnings
U.S. stocks close higher Tuesday, extending gains after the largest four-day stretch of gains since late July for both the S&P 500 and Nasdaq Composite.
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