Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Baxter International Stock Is Sinking Today

TheMotleyFool

0 0

Why Baxter International Stock Is Sinking Today: https://g.foolcdn.com/editorial/images/720115/hospital-corridor-with-people.jpg

Shares of Baxter International (NYSE: BAX) were sinking 12.4% as of 12:18 p.m. ET on Thursday. The decline came after the company reported its 2022 full-year and fourth-quarter results.

Baxter announced fourth-quarter sales of $3.9 billion, up 11% year over year. This result topped the consensus Wall Street revenue estimate of $3.77 billion.

The medtech company posted Q4 earnings of $181 million, or $0.36 per diluted share, based on generally accepted accounting principles (GAAP). Baxter's adjusted non-GAAP earnings in the fourth quarter were $444 million, or $0.88 per diluted share. This fell short of the average adjusted earnings estimate of $0.94 per share.

Source Fool.com

Like: 0

BAX

Share