Baxter Reports 61% Increase in Loss for Q2 Quarterly Earnings Period
Q2 Revenue Grows by 3% for Baxter in Latest Financial Results
Baxter International Inc. [BAX] reported a net loss of $311 million for the second quarter ending June 30, 2024, marking a 61% increase from the previous quarter.
The company, headquartered in Deerfield, Illinois, reported to SEC in an 8-K filing $-0.62 earnings per share in the quarter, compared to $-0.28 in the previous quarter.
Baxter International Inc., a leading player in the medical technology sector, reported a revenue of $3.81 billion in the latest financial period. This figure represents a 3% increase from the revenue generated in the previous quarter.
In comparison to the same quarter of the previous year, Baxter International Inc. saw a 3% increase in revenue for the current quarter. Additionally, the company experienced a 61% increase in net loss for the current quarter when compared to the same quarter of the previous year.
