08.02.2024 13:26:29 - dpa-AFX: Baxter International Inc. Q4 Profit Increases, but misses estimates
DEERFIELD (dpa-AFX) - Baxter International Inc. (BAX) released earnings for
its fourth quarter that increased from last year but missed the Street
estimates.
The company's earnings came in at $245 million, or $0.48 per share. This
compares with $181 million, or $0.36 per share, in last year's fourth quarter.
Excluding items, Baxter International Inc. reported adjusted earnings of $434
million or $0.85 per share for the period.
Analysts on average had expected the company to earn $0.86 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 3.7% to $3.89 billion from $3.75
billion last year.
Baxter International Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $245 Mln. vs. $181 Mln. last year.
-EPS (Q4): $0.48 vs. $0.36 last year.
-Analyst Estimate: $0.86
-Revenue (Q4): $3.89 Bln vs. $3.75 Bln last year.
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