UPDATE 1-Abbott profit beats forecast, nutritional products strong
* Adj earnings 46 cents/share vs Wall Street view 44 cents
Sales of medical devices, generic prescription drugs lower
* Full-year profit forecast unchanged
July 17 (Reuters) - Abbott Laboratories reported better-than-expected second-quarter earnings on Wednesday as strong demand for nutritional products offset lower sales of medical devices and generic prescription drugs.
Despite the earnings beat, Abbott left its full-year profit forecast unchanged at $1.98 to $2.04 per share.
The company, which in January spun off its branded prescription drugs business into a new company called AbbVie Inc , earned $476 million, or 30 cents per share, from continuing operations, compared with $411 million, or 26 cents per share, a year earlier.
Excluding special items, it earned 46 cents per share. Analysts, on average, expected 44 cents, according to Thomson Reuters I/B/E/S.
Revenue rose 2.5 percent to $5.45 billion, slightly below Wall Street expectations for $5.52 billion.