Baxter International Inc.
Baxter Announces Strong First Quarter Financial Results
Published in Blood Weekly, May 7th, 2009
Baxter International Inc. (NYSE:BAX) reported first quarter net income of $516 million, an increase of 20 percent from $429 million reported in the first quarter of 2008. Earnings per diluted share of $0.83 increased 24 percent from $0.67 per diluted share reported in the prior-year period, and favorably compares to the guidance the company previously provided of $0.80 to $0.82 per diluted share. This performance was the continued result of strong underlying fundamentals across the portfolio and improved margins, driven by operational leverage and favorable business and product mix.
On an adjusted basis, excluding 2008 special items, Baxter’s first quarter net income...
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Source: Blood Weekly (2009-05-07)
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