08.02.2024 15:43:27 - dpa-AFX: Baxter International Inc. Q4 Profit Increases, Adjusted Earnings Beat Estimates

DEERFIELD (dpa-AFX) - (Correction: The original article said the company
missed analyst estimates.)

Global medtech leader Baxter International Inc. (BAX) released is fourth quarter
financial results on Thursday, reporting a year-over-year increase in net
income.

The company reported net income of $245 million, or $0.48 per share. This
compares with $181 million, or $0.36 per share, in last year's fourth quarter.

Baxter reported adjusted earnings from continuing operations of $0.88 per share.

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:

-Net Income (Q4): $245 Mln. vs. $181 Mln. last year.
-EPS (Q4): $0.48 vs. $0.36 last year.
-Adjusted EPS From Continuing Operations (Q4): $0.88 vs. $0.78 last year.
-Analyst Estimate: $0.86
-Revenue (Q4): $3.89 Bln vs. $3.75 Bln last year.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
BAXTER INTL DL 1 853815 Frankfurt 32,000 22.05.24 13:06:09 -0,270 -0,84% 31,600 32,050 31,800 32,270

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