Baxter (BAX) Tops Q1 EPS by 13c, Guidance Falls Short of Consensus
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Baxter Reports First-Quarter 2022 Results
April 28, 2022 7:15 AM EDTFirst-quarter revenue of $3.7 billion increased 26% on a reported basis, 29% on a constant currency basis and 3% on an operational basis1 First-quarter U.S. GAAP earnings per share (EPS) totaled $0.14; Adjusted EPS totaled $0.93 Baxter expects full-year 2022 sales growth of 23% to 24% on a reported basis, 25% to 26% on a constant currency basis and approximately 3% on an operational basis Baxter expects full-year U.S. GAAP EPS of $2.35 to $2.43 and adjusted EPS of $4.12 to $4.20 The company is hosting an Investor Conference on May 25, 2022, to provide additional details regarding its strategic outlook and updated... More
