Baxter (BAX) Tops Q1 EPS by 7c

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Go back to Baxter (BAX) Tops Q1 EPS by 7c

Baxter Reports First Quarter 2016 Results and Provides Updated Financial Outlook for Full-Year 2016

April 26, 2016 7:00 AM EDT

Positive Sales Mix and Disciplined Expense Management Contribute to Strong First Quarter Performance

Adjusted Earnings Per Share were $0.36; First-quarter GAAP Earnings Per Share were $6.13

DEERFIELD, Ill.--(BUSINESS WIRE)-- Baxter International Inc. (NYSE: BAX) today reported results for the first quarter of 2016, and also increased its earnings per share outlook for full-year 2016. First quarter worldwide sales totaled $2.4 billion, an increase of 4 percent on a constant currency basis as compared to the prior year period. On a reported basis, sales declined 1 point as foreign exchange... More