"I'm very pleased with nutrition, very pleased with the acceleration in Alinity in diagnostics. "I am quite confident with what I see in the underlying trends of each of these businesses," White said during the second-quarter earnings conference call with analysts. Demographic changes also bode well for the adult nutrition business, and Abbott brands such as Ensure and Glucerna can help older adults fill gaps in their diets. For example, Abbott's structural heart business offers devices that address heart valve damage, a market that will grow as the population ages and the number of patients requiring minimally invasive valve repair solutions for their less-efficient hearts expands. As these economies grow, and access to care expands, Abbott's localized product portfolios, targeted to the specific needs of each market, will help it sustain above-market growth in its areas of focus.Ībbott is also very well positioned to benefit from an aging global population, with products in every one of our businesses to address conditions associated with growing older. The company's established pharmaceuticals business, for example, is a uniquely powerful growth engine focused entirely in fast-growing emerging markets. in 2018, continues to impress customers in Europe with its game-changing versatility.Īdding to Abbott's long-term growth potential for higher organic growth is the fact that many of its businesses align with the fastest-growing segments in both developed and emerging markets. Alinity is a total enterprise solution designed to help hospitals and laboratories achieve measurably better healthcare performance. In diagnostics, Abbott's Alinity family of systems positions this already market-leading business for sustained healthcare sector growth over the next several years. In the company's medical devices business, which grew more than 8 percent 3 in the second quarter of 2018, these innovations include FreeStyle® Libre, a breakthrough continuous glucose monitoring system that has been gaining 50,000 new patients around the world every month the Proclaim TM Elite recharge-free spinal cord stimulation (SCS) system, which employs a proprietary algorithm, called BurstDR, that emulates natural firing patterns of nerves in the brain and Confirm Rx TM ICM, the only smartphone-compatible insertable cardiac monitor on the market. In each of these markets, Abbott is offering new products and services designed to help build market share and continue the new accelerated growth rate. Shaping Markets With Life-Changing Technologies "I'm confident about the company's overall sustainable growth, because we've executed on our strategy to be in the right markets at the right times." White, Abbott's CEO and Chairman of the Board, told analysts on the company's earnings call. "This is the range of revenue growth we're going to sustain," Miles D. With 8 percent organic growth 1 in the quarter and strong demand prospects, Abbott raised its 2018 earnings projection to 15 percent 2 and increased its estimate for full-year organic growth to 6.5-7.5 percent. With all four of its businesses contributing strong growth in the quarter, Abbott's numbers "showcased the breadth of its top-line momentum," he said.Ībbott pushed its streak of beating Wall Street's average quarterly earnings estimates past 10 years. "We view this performance as further validation of our thesis that Abbott has the right mix of businesses and product cycles," wrote Christopher Pasquale of Guggenheim Securities LLC in a note this month to investors. Thanks to a series of strategic moves that have reshaped the company, Abbott has refocused its operations and reinvigorated its product pipeline. Today, Abbott is positioned to deliver not just consistent performance but accelerated healthcare sector growth in the years to come - a fact that is becoming increasingly apparent to Wall Street based on second-quarter earnings that beat expectations. Investors hunting for reliable performance have always been attracted to Abbott's consistent results and decades of continual dividend increases.
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