Baxter International Sees Q2 2024 Adj. EPS $0.65-$0.67 Vs $0.68 Est.
Portfolio Pulse from Benzinga Newsdesk
Baxter International projects its adjusted earnings per share (EPS) for Q2 2024 to be between $0.65 and $0.67, which is below the estimated $0.68.
May 02, 2024 | 11:20 am
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Baxter International's projected adjusted EPS for Q2 2024 falls short of analysts' expectations, indicating a potential negative impact on its stock price in the short term.
When a company's earnings forecast falls below market expectations, it often leads to a negative investor sentiment and can cause the stock price to drop. Baxter International's announcement of a lower-than-expected adjusted EPS for Q2 2024 suggests that the company may not perform as well as investors hoped, potentially leading to a decrease in its stock price in the short term.
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