Specified items include intangible amortization expense, acquisition-related expenses, charges associated with cost reduction initiatives and other expenses. Economic, competitive, governmental, technological and other factors that may affect Abbott's operations are discussed in Item 1A, "Risk Factors'' to our Annual Report on Securities and Exchange Commission Form 10-K for the year ended Dec. 31, 2018, and are incorporated by reference. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Details: Full-year 2019 outlook for diluted EPS from continuing operations on a GAAP basis reflects 58.0 percent growth at the midpoint of the range. A reconciliation of the third-quarter tax rates for continuing operations for 2019 and 2018 is shown below: A reconciliation of the year-to-date tax rates for continuing operations for 2019 and 2018 is shown below: Reported tax rate on a GAAP basis for 2019 includes the impact of a $78 million reduction of the transition tax associated with the TCJA and approximately $95 million in excess tax benefits associated with share-based compensation. Adult Nutrition business, which was discontinued during the third quarter 2018. Our 103,000 colleagues serve people in more than 160 countries. About Abbott: Abbott is a global healthcare leader that helps people live more fully at all stages of life. Worldwide Nutrition sales increased 2.0 percent on a reported basis in the third quarter. They have a portfolio of leading, science-based offerings in diagnostics, medical devices, nutritionals and branded generic pharmaceuticals. Reflects the net tax benefit associated with the specified items and excess tax benefits associated with share-based compensation. Restructuring and cost reduction initiative expenses include severance, outplacement, inventory write-downs, asset impairments, accelerated depreciation, and other direct costs associated with specific restructuring plans and cost reduction initiatives. Condensed Consolidated Statement of Earnings, Third Quarter Ended September 30, 2019 and 2018, Cost of products sold, excluding amortization expense, Earnings from Continuing Operations before taxes, Tax expense on Earnings from Continuing Operations, Earnings from Discontinued Operations, net of taxes, Earnings from Continuing Operations, excluding, Diluted Earnings per Common Share from Continuing Operations, excluding Specified Items, as described below, Average Number of Common Shares Outstanding. You can find information on the data of this statistic in the tab "Source", including a link to the source. Worldwide Adult Nutrition sales increased 3.9 percent on a reported basis in the third quarter and increased 6.9 percent on an organic basis. Please authenticate by going to "My account" → "Administration". 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Where can I find the data of this statistic? Acquisition-related expenses include costs for legal, accounting, tax, and other services related to business acquisitions, integration costs which represent incremental costs directly related to integrating the acquired businesses and include expenditures for consulting, retention, severance, and the integration of systems, processes and business activities, and fair value adjustments to contingent consideration related to a business acquisition. In the third quarter, Abbott announced U.S. FDA approval of its next-generation MitraClip device, MitraClip G4, which offers an expanded range of clip sizes, an alternative leaflet grasping feature and facilitation of procedure assessment in real time to offer doctors further options when treating mitral valve disease. Abbott Laboratories annual revenue for 2019 was $31.904B, a 4.34% increase from 2018. Try our corporate solution for free! 2018 Net Earnings and Diluted Earnings per Common Share from Continuing Operations, excluding Specified Items, excludes net after-tax charges of $2.008 billion, or $1.13 per share, for intangible amortization expense and other expenses primarily associated with acquisitions and restructuring actions. — Private Securities Litigation Reform Act of 1995 —A Caution Concerning Forward-Looking Statements. In order to compute results excluding the impact of exchange rates, current year U.S. dollar sales are multiplied or divided, as appropriate, by the current year average foreign exchange rates and then those amounts are multiplied or divided, as appropriate, by the prior year average foreign exchange rates. Other relates to the acquisition of R&D assets, charges related to the impairment of certain assets, and expenses related to certain litigation settlements. Restructuringand CostReductionInitiatives (b). Other includes the cost associated with the early extinguishment of debt, costs related to the acquisition of R&D assets and charges related to the impairment of certain assets, partially offset by an increase in fair value of an investment. ; Reported diluted EPS from continuing operations under GAAP was $0.56 in the second quarter. Worldwide Diagnostics sales increased 4.7 percent on a reported basis in the third quarter, including an unfavorable 1.9 percent effect of foreign exchange, and increased 6.6 percent on an organic basis. Growth in Structural Heart was led by MitraClip, Abbott's market-leading device for the minimally invasive treatment of mitral regurgitation, or a leaky mitral heart valve. Please check your download folder. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Excluding specified items, projected adjusted diluted earnings per share from continuing operations would be $0.94 to $0.96 for the fourth quarter. Abbott's Diagnostics segment revenue by category 2018-2019 Abbott's Medical Devices segment revenue by category 2019 Abbott Laboratories' revenue by country 2017-2019 Restructuring and cost reduction plans consist of distinct initiatives to streamline operations including the consolidation and rationalization of business activities and facilities, workforce reductions, the transfer of product lines between manufacturing facilities, and the transfer of other business activities between sites. The website that you have requested also may not be optimized for your screen size. +1 (212) 419-5770 Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Directly accessible data for 170 industries from 50 countries facts. You are only allowed to publish the data if you have a, Research expert covering health, pharma & medtech, Profit from additional features with an Employee Account. "Abbott Laboratories' Segment Revenues from 2017 to 2019 (in Million U.S. Organic sales growth was led by infectious disease testing in developed markets and cardio-metabolic testing globally, partially offset by lower than expected infectious disease testing sales in Africa. Organic sales growth was led by strong growth across several geographies, including India, China and Brazil. Learn more about how Statista can support your business. "We're performing exceptionally well across several areas," said Miles D. White, chairman and chief executive officer, Abbott.
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