By Micah Maidenberg

Abbott Laboratories (ABT) tweaked its 2019 profit guidance after the health company slightly missed the consensus estimate for third-quarter sales.

The company now expects to earn $2.06 to $2.08 a share for the year. Previously, it predicted it would earn much as $2.12 a share.

Abbott on Wednesday also forecast earnings, following adjustments, of $3.23 to $3.25 a share compared with an earlier prediction for $3.21 to $3.27 a share.

In July, Abbott predicted organic sales growth of 7% to 8% for the year.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

October 16, 2019 08:26 ET (12:26 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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