Abbott quarterly profit soars 60%

[January 22, 2020]    (Reuters) - Abbott Laboratories Inc <ABT.N> reported a 60% rise in fourth-quarter profit on Wednesday, boosted by strong sales of its diabetes and heart devices.

The company's net earnings rose to $1.05 billion, or 59 cents per share, in the quarter ended Dec. 31, from $654 million, or 37 cents per share, a year earlier.

Net sales of the medical device maker rose 7% to $8.31 billion.

(Reporting by Trisha Roy and Tamara Mathias in Bengaluru; Editing by Shinjini Ganguli)

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