Jim Cramer Lauds Abbott Laboratories' Strong Quarter

Published 5 days agoABT

Jim Cramer Lauds Abbott Laboratories' Strong Quarter

Jim Cramer recently commended Abbott Laboratories for what he described as a 'tour de force' quarter, highlighting the exceptional leadership of CEO Robert Ford. The company's strategic manufacturing footprint, with U.S. factories serving domestic markets and overseas facilities catering to international demand, was a key point of praise.

Cramer noted Abbott's robust performance across various segments, such as heart health and diagnostics, despite facing challenges like troubles in the baby food segment and ongoing lawsuits. He specifically pointed to Abbott's resilience in raising its guidance amidst a weak dollar, crediting the company's sustained success to the leadership legacy of former CEO Miles White, now continued by Ford.

According to Cramer, Abbott Laboratories exemplifies high-quality management, especially evident in its adept handling of COVID tests. He expressed confidence in the company's future performance, citing its strategic foresight and solid execution as factors that maintain its leadership position. This reflects Abbott's ability to navigate industry challenges while continuing to demonstrate strong operational results.

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