Abbott Laboratories, headquartered in Illinois, employs 114,000 people and operates in four segments: Established Pharmaceuticals, Diagnostics, Nutrition, and Medical Devices, offering a diverse range of health care products.
ABT has been in the news recently: Abbott Laboratories is part of the Health Care Select Sector SPDR ETF (XLV), which has underperformed the S&P 500 by 58% since February 2020. Analysts predict strong earnings growth and AI innovations could drive the S&P 500 to 7,000 by year-end, highlighting the importance of earnings reports from major companies.
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