Baxter: Q4 Earnings Snapshot
By AP News
Published - Feb 09, 2023, 07:30 AM ET
Last Updated - Jun 22, 2023, 10:27 PM EDT
DEERFIELD, Ill. (AP) — DEERFIELD, Ill. (AP) — Baxter International Inc. (BAX) on Thursday reported fourth-quarter earnings of $181 million.
The Deerfield, Illinois-based company said it had net income of 36 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 88 cents per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The drug and medical device maker posted revenue of $3.89 billion in the period, surpassing Street forecasts. Eight analysts surveyed by Zacks expected $3.77 billion.
