Abbott Laboratories (NYSE:ABT) Laboratories and McDonald’s released their latest earnings reports before opening bell this morning. Abbott posted adjusted earnings of 47 cents, a 38% increase that beat guidance, on revenue of $4.9 billion, a 10% increase with double-digit growth in emerging markets. Analysts had been expecting earnings of 42 cents per share on $4.85 billion in revenue.
McDonald’s posted earnings of 84 cents per diluted share on $5.96 billion in revenue for the first quarter. Analysts had been expecting earnings of $1.06 per share on $5.96 billion in revenue. In the same quarter a year ago, the fast food chain posted $6.7 billion in revenue.