Abbott beats quarterly profit, but pulls forecast on coronavirus concerns

Abbott beats quarterly profit, but pulls forecast on coronavirus concerns

Abbott beats quarterly profit, but pulls forecast on coronavirus concernsAbbott has launched three coronavirus tests in the United States, including an on-site diagnostic kit that can deliver results within minutes and heralded as a game changer by President Donald Trump. Sales at the company’s nutrition products division rose 6.3% to $1.90 billion, benefiting from increased demand for children’s products in late March as U.S. states began to impose shelter-in-place restrictions to curb the spread of the virus.