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Biotech / Medical : Biotech & Pharma.T.A,
BIB 79.76-2.1%4:00 PM EST

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To: Jibacoa who wrote (2195)1/23/2008 9:36:39 AM
From: Jibacoa   of 3722
 
ABT opened down 1% in spite of reporting earnings in line with its previous guidance.<g>

stockcharts.com

ABT 4thQ earnings were as expected, $1.20B ($0.77) vs, loss of $476M ($0.31) in 2006 when it reported charges related to its purchase of Kos.

Excluding special items,ABT earnings were $0.93/shr.(Its forecast was around $0.91 to $0.93)

It is expected that sales of Humira will rise to $4B in 2008, as the drug continues to compete against JNJ's Remicade & WYE's Enbrel.

Bernard
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