BUZZ-Abbott on track for best day in 2 years after reaffirming forecast amid tariff risks

Reuters

04/17

Updates

** Shares of medical device maker Abbott ABT.N rise 5.4% to $133.05

** ABT is the top performer on the S&P 500 .SPX index on Wednesday

** Stock has its best day since April 2023, if gains hold

** ABT, in a conference call, says it doesn't expect any tariff impact in Q2

** Impact of tariffs is projected to be a few hundred million dollars in 2025 - company

** ABT reaffirms its annual profit per share forecast of between $5.05 and $5.25, but beats Q1 earnings estimate

** Company says two new manufacturing and R&D investments in Illinois and Texas, totaling $500 million, are projected to go live by the end of 2025

** Up to last close, stock up 11.6% YTD

(Reporting by Sriparna Roy and Puyaan Singh in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

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