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Abbott Labs (ABT) Stock Up on Q3 Earnings Beat

NEW YORK (TheStreet) -- Shares of Abbott Laboratories (ABT) were increasing in pre-market trading on Wednesday after the company posted better-than-anticipated earnings for the 2016 third quarter.

Before the opening bell, the Abbott Park, IL-based medical device company reported adjusted earnings of 59 cents per share, exceeding analysts' forecasts by a penny.

Revenue for the period was $5.3 billion, in line with Wall Street's expectations.

For 2016, Abbott now sees earnings per share between $2.19 and $2.21 vs. its prior view for earnings of $2.14 to $2.24 per share, the Fly noted...