Baxter Intl Q2 Adjusted EPS $0.66 Beats $0.60 Estimate, Sales $3.71B Miss $3.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
Baxter Intl (NYSE:BAX) reported Q2 earnings of $0.66 per share, beating the analyst consensus estimate of $0.60 by 10%. However, this is a 24.14% decrease from the same period last year. The company's quarterly sales of $3.71 billion missed the analyst consensus estimate of $3.79 billion by 2.19%, but it's a 3.14% increase from the same period last year.
July 27, 2023 | 11:32 am
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Baxter Intl's Q2 earnings beat estimates but decreased YoY. Sales missed estimates but increased YoY.
Baxter Intl's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and the missed sales estimates could negatively impact the stock. The YoY increase in sales is a positive factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100