Baxter cuts annual profit forecast on hurricane impact
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Baxter International has reduced its annual profit forecast due to disruptions caused by a hurricane at its intravenous solutions facility, leading to a 3.3% drop in its shares during premarket trading.
November 08, 2024 | 1:00 pm
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Baxter International has lowered its annual profit forecast due to hurricane-related disruptions at its intravenous solutions facility, resulting in a 3.3% decline in its stock price during premarket trading.
The hurricane has directly impacted Baxter's operations, leading to a reduced profit forecast. This negative outlook has caused a decline in investor confidence, reflected in the 3.3% drop in premarket trading. The news is highly relevant and important for investors as it affects the company's financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100