Baxter International Inc. (BAX) reported net income attributable to the company of $572 million, an increase of 1% from $569 million in the fourth quarter of 2008. On an adjusted basis, excluding special items in both years, Baxter's net income was $628 million, grew 9% from $574 million in 2008.
Also, the company's earnings per share of $0.94 advanced 3% from $0.91 per share reported in the prior-year period. Adjusted earnings per share were $1.03 compared with $0.91 per share in the prior-year period. On average, 14 analysts polled by Thomson Reuters expected earnings per share of $1.03 for the quarter. Analysts' estimate typically excludes one-time items.
Baxter's global sales of $3.47 billion advanced 11% from the $3.13 billion reported in the same period last year. Eleven analysts estimated revenues of $3.39 billion for the quarter.
Looking ahead to the first quarter of 2010, the company sees earnings per share of $0.92 - $0.94, before any special items. Eleven analysts anticipate first-quarter 2010 earnings per share of $0.95.
For full-year 2010, the company expects earnings per share of $4.20 - $4.28, before any special item. Sixteen analysts expect 2010 earnings per share of $4.28. For the first quarter of 2010, Baxter anticipates sales growth, excluding the impact of foreign exchange, of about 5% - 7%.
Baxter expects 2010 sales, excluding the impact of foreign exchange, to grow 5% - 7%. Including the benefit of foreign exchange, Baxter expects 2010 reported sales growth to increase 7% - 9% based on current exchange rates.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.