Baxter International Inc. (BAX) reported earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $126 million, or $0.25 per share. This compares with $37 million, or $0.07 per share, last year.
Excluding items, Baxter International Inc. reported adjusted earnings of $392 million or $0.62 per share for the period.
Analysts on average had expected the company to earn $0.48 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.4% to $2.625 billion from $2.490 billion last year.
Baxter International Inc. earnings at a glance (GAAP) :
-Earnings: $126 Mln. vs. $37 Mln. last year.
-EPS: $0.25 vs. $0.07 last year.
-Revenue: $2.625 Bln vs. $2.490 Bln last year.
-Guidance:
Next quarter EPS guidance: $0.59 to $0.63
Full year EPS guidance: $2.47 to $2.55
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