Baxter beats profit estimates and reaffirms 2026 outlook
Baxter reported quarterly profit of 36 cents per share on revenue of $2.70 billion. The company reaffirmed its 2026 outlook while monitoring Middle East risks.
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BAXTER INTERNATIONAL INC shares rose 5% late evening after reporting first-quarter adjusted EPS of $0.36, beating analyst estimates of $0.31. Revenue reached $2.70B, exceeding the $2.62B expected as demand for medical devices remained strong. The steady performance provides relief to investors following a series of surprise misses and guidance downgrades last year.
