Baxter: Q1 Earnings Snapshot
By AP News
Published - Apr 27, 2023, 07:24 AM ET
Last Updated - Jun 22, 2023, 03:01 AM EDT
DEERFIELD, Ill. (AP) — DEERFIELD, Ill. (AP) — Baxter International Inc. (BAX) on Thursday reported first-quarter earnings of $44 million.
The Deerfield, Illinois-based company said it had profit of 9 cents per share. Earnings, adjusted for one-time gains and costs, came to 59 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The drug and medical device maker posted revenue of $3.65 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $3.6 billion.
