Why Abbott Stock Jumped Today
A recent acquisition is already bearing fruit.
Overview
Shares of Abbott Laboratories (NYSE: ABT) popped on Thursday after the healthcare products provider raised its full-year profit forecast.
Image source: Getty Images.
Abbott's sales rose 13% to $12.6 billion in the second quarter, boosted by its $21 billion acquisition of cancer screening leader Exact Sciences in March.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.