Baxter (BAX) Tops Q2 EPS by 6c, Revenues In-Line; Boosts FY17 Adj. EPS Guidance

Baxter (NYSE: BAX) reported Q2 EPS of $0.63, $0.06 better than the analyst estimate of $0.57. Revenue for the quarter came in at $2.6 billion versus the consensus estimate of $2.6 billion.

• Second-Quarter Revenue of $2.6 Billion Increased 1 Percent on a Reported Basis and 3 Percent on an Operational Basis
• Second-Quarter GAAP Earnings Per Share (EPS) of $0.48; Adjusted EPS of $0.63 Increased 37 Percent
• Increases Full-Year 2017 Sales Growth to 3 Percent on a Reported Basis and 5 Percent on an Operational Basis
• Raises Full-Year 2017 GAAP EPS to $1.85 to $1.95; Adjusted EPS to $2.34 to $2.40
• Financial Outlook for 2020 Increased to Reflect Strong Operational Execution and Ongoing Business Transformation Initiatives

GUIDANCE:

Baxter sees FY2017 EPS of $2.34-$2.40, versus the consensus of $2.27.

For earnings history and earnings-related data on Baxter (BAX) click here.

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