Baxter Intl Q1 2024 Adj EPS $0.65 Beats $0.61 Estimate, Sales $3.590B Beat $3.553B Estimate
Portfolio Pulse from Benzinga Newsdesk
Baxter International Inc. (BAX) reported Q1 2024 adjusted EPS of $0.65, surpassing the $0.61 estimate, with sales of $3.590B also beating the $3.553B estimate, despite a 1.62% decrease from the previous year.
May 02, 2024 | 11:16 am
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POSITIVE IMPACT
Baxter Intl reported higher than expected Q1 2024 earnings and sales, indicating a positive financial performance despite a slight year-over-year sales decline.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The slight year-over-year sales decline is noted but overshadowed by the earnings beat.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100