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Abbott Laboratories (ABT) Stock Lower Ahead of Wednesday's Earnings Report

NEW YORK (TheStreet) -- Abbott Laboratories (ABT - Get Report) stock is down by 0.74% to $41.84 in late afternoon trading on Tuesday, ahead of the release of the company's third quarter 2015 financial results, due out before the market open on Wednesday.

The company is expected to post a year over year decline in earnings but a rise in revenue.

Abbott Laboratories has been forecast to report earnings of 53 cents per share on revenue of $5.14 billion for the most recent quarter.

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Last year, the company reported earnings of 62 cents per share on revenue of $5.1 billion for the 2014 third quarter.

Based in Abbott Park, IL, Abbott Laboratories is engaged in the discovery, development, manufacture and sale of a range of health care products.