BAX - Why Is Medical Device Maker Baxter Stock Trading Lower On Thursday? | Benzinga
Thursday, Baxter International Inc (NYSE:BAX) reported first-quarter adjusted EPS of $0.65, up 10% Y/Y, beating the consensus of $0.61 and the management guidance of $0.59-$0.62.
The company reported sales of $3.59 billion, which beat the consensus of $3.553 billion. Sales increased 2% on a reported basis and 3% on a constant currency basis, exceeding the company’s previously issued guidance of approximately 1% and 1% to 2%, respectively.
“Baxter’s results in the first quarter reflect the company’s solid operational performance, fueled by the benefits being realized from our ...