Abbott second-quarter profit surges as medical device sales rebound By Reuters


© Reuters. FILE PHOTO: Boxes of Abbott’s heart stents are pictured inside a store at a hospital in New Delhi, India, April 27, 2018. Picture taken April 27, 2018. REUTERS/Adnan Abidi

(Reuters) – Abbott Laboratories (NYSE:) quarterly profit more than doubled on Thursday, due to strength in its diagnostics business and a rebound in medical devices sales.

The company’s net earnings rose to $1.19 billion, or 66 cents per share, in the second quarter ended June 30, from $537 million, or 30 cents per share, a year earlier.

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