UPDATE: Abbott Posts Upbeat Q3 Profit, Lifts Dividend
October 16, 2013 at 08:28 AM EDT
Abbott Laboratories (NYSE: ABT ) reported a 50% drop in its third-quarter earnings and lifted its quarterly dividend by 57% to $0.22 per share. Abbott's quarterly profit fell to $966 million, or $0.61 per share, from $1.94 billion, or $1.21 per share, in the year-ago quarter. Excluding one-time items,