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Abbott reports 10% increase in worldwide sales in first quarter
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Abbott reported worldwide sales of $4.9 billion in the first quarter of 2015, a 10% increase on an operational basis and a 3% increase on a reported basis, according to a press release.
Adjusted diluted earnings per share from continuing operations was reported at $0.47 in the first quarter, a growth of 38.2%. Reported diluted earnings per share from continuing operations under GAAP was reported at $0.35.
The company reported $261 million in total Medical Optics sales, a 3.4% decrease on an operational basis and a 10.5% decrease on a reported basis. The decrease was attributed to competitive and market dynamics in the cataract and refractive businesses, the release said.
With the launch of the Tecnis multifocal low add and Tecnis preloaded IOLs in the U.S., Abbott expects improved sales growth throughout the year.