Baxter International Inc. (NYSE:BAX) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Baxter International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 3.57% to $1.16 in the quarter versus EPS of $1.12 in the year-earlier quarter.
Revenue: Rose 2.72% to $3.67 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Baxter International Inc. reported adjusted EPS income of $1.16 per share. By that measure, the company beat the mean analyst estimate of $1.13. It missed the average revenue estimate of $3.7 billion.
Key Stats (on next page)…