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Baxter ticks up on Q3 results

Thu, 10/18/2012 - 7:58pm
Mass Device

Baxter shares tick up on Street-meeting 3rd-quarter results and an affirmed 2012 sales outlook.

Baxter

Baxter (NYSE:BAX) shares closed up a tad today after the healthcare company reported 3rd-quarter results in line with its guidance and affirmed its sales outlook for the rest of the year.

Deerfield, Ill.-based Baxter posted profits of $583 million, or $1.06 per share, on sales of $3.48 million for the 3 months ended Sept. 30. That represents flat sales growth and a 1.2% profit increase. Excluding 1-time items, adjusted earnings per share were $1.14, in line with Wall Street's expectations.

BAX shares closed up 1.3% today at $62.47.

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