Abbott Laboratories on Wednesday forecast first-quarter profit below Wall Street as weakness in nutrition and diagnostics units overshadowed strength in medical devices, sending its shares down more than 2% in premarket trading.

Abbott expects an adjusted profit of $5.05 to $5.25 per share for 2025, compared with analysts' average profit expectation of $5.16. On an adjusted basis, the company reported a quarterly profit of $1.34 per share, in line with analysts' average expectations, according to estimates compiled by LSEG.

Abbott Laboratories is forecasting profit for 2025 in line with Wall Street’s estimates as the health care company said strong demand for its medical devices will continue to drive growth.

Abbott Laboratories on Wednesday forecast first-quarter profit below Wall Street estimates, along with weak fourth-quarter sales in segments other than medical devices, sending its shares down 1% in premarket trading.