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Abbott's Sales and Earnings Are Sinking: Should Investors Worry?

Abbott's Sales and Earnings Are Sinking: Should Investors Worry?

Abbott (NYSE: ABT) reported its full-year and fourth-quarter results for 2022 on Wednesday. Abbott's bad news definitely jumped out. While Abbott's sales fell 12% on a reported basis, the year-over-year decline was only 6.1% excluding the impact of foreign exchange.