Baxter: Q3 Earnings Snapshot

Baxter International reported a Q3 loss of $46 million, a stark contrast to last year's profit, but adjusted earnings of $0.69 per share beat expectations. Revenue fell short at $2.84 billion, missing analysts' forecast of $2.87 billion. Despite beating earnings expectations, Baxter's stock has plummeted by 23% this year, underperforming the S&P 500's 17% gain. Looking ahead, Baxter predicts Q4 earnings between $0.52 and $0.57 per share and full-year earnings between $2.35 and $2.40 per share. Investors will closely monitor Baxter's performance in the next quarter to see if the company can reverse its downward trend.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.