Baxter International (NYSE:BAX) met analyst estimates on profits, but missed on revenue, while also reaffirming guidance. Earnings rose by 4.6% to $1.14 a share and revenue was flat at $3.48 billion. Analysts expected revenue of $3.52 billion. The company expects full-year EPS in the range of $4.51-$4.54, and said it expects revenue excluding foreign-currency impact should increase by 4% to 5%.
Shares are higher by about 1.3 percent.
Yesterday, rival Abbott Laboratories (NYSE:ABT) announced third quarter profit was higher and beat analyst estimates, though revenue fell.
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