Abbott sales rise 7.2% as COVID test demand surges

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The company’s net earnings fell to $1.99 billion, or $1.11 per share, in the fourth quarter ended Dec. 31 from $2.16 billion, $1.20 per share, a year earlier.

Sales of the company were $11.5 billion, higher than the $10.7 billion reported in the year-ago period.