On Oct. 18, Abbott Laboratories
- Abbott exceeded revenue guidance and matched earnings-per-share expectations of $0.58 if one-time charges primarily related to the acquisition of Guidance are excluded. On a pure GAAP basis, third-quarter EPS were $0.46 in 2006 and $.044 in 2005.
- Gross margins improved in comparison with last year, primarily because of the discontinuation of sales from the Boehringer Ingelheim distribution deal. Operating margins include stock compensation expense of $40 million, which was not present on the income statement in 2005.
- Humira sales increased 51.8% versus last year's third quarter on a continued sales ramp-up and additional treatment indications approved by the FDA in the past 12 months.
- Abbott also announced a $2.5 billion share-repurchase authorization. At current prices, this represents approximately 3.4% of shares outstanding.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$5,480 |
$5,574 |
$5,384 |
3.5% |
|
Net Profit |
-- |
$716 |
$681 |
5.2% |
|
EPS |
$0.58 |
$0.46 |
$0.44 |
4.5% |
|
Diluted Shares |
1,542 |
1,564 |
(1.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
57.10% |
50.27% |
6.83 |
|
Operating Margin |
12.37% |
15.43% |
(3.06) |
|
Net Margin |
12.84% |
12.64% |
0.20 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
The company didn't provide these numbers.
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Cash Flow Highlights
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Related Companies:
- Johnson & Johnson
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Related Foolishness:
- Foolish Fundamentals: Margins
- Foolish Fundamentals: Free Cash Flow
- Foolish Fundamentals: GAAP
- Foolish Fundamentals: The Income Statement
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At the time of publication,Nathan Parmelee held shares of Johnson & Johnson but had no positions in any of the other companies mentioned. Fool rules are here.
