Abbott: Q2 Earnings Snapshot

Abbott Laboratories reported second-quarter profit of $928 million, with adjusted earnings of $1.31 per share, exceeding Wall Street's $1.28 per share estimate. The company also posted revenue of $12.59 billion, surpassing expectations of $12.48 billion. However, Abbott shares have fallen 29% this year and 32% in the last 12 months despite the strong earnings results.