Top 5 Losers Today

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1. Abbott Laboratories (NYSE:ABT)

Number of Hedge Fund Holders: 61

Shares of Abbott Laboratories (NYSE:ABT) fell nearly five percent before the opening bell today after the healthcare giant reported a drop in its third-quarter profit and sales.

Abbott Laboratories (NYSE:ABT) reported adjusted earnings of $1.15 per share, down from $1.40 per share in the year-ago period. Revenue for the quarter also slipped 4.7 percent versus last year to $10.4 billion. Nevertheless, the results surpassed the consensus of 94 cents per share for earnings and $9.64 billion for revenue.

On the bright side, Abbott Laboratories (NYSE:ABT) raised its full-year adjusted earnings outlook to a range of $5.17 – $5.23 per share, from its earlier projection of around $4.90 per share.

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