Investing.com - Baxter (NYSE:BAX) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Baxter announced earnings per share of $0.82 on revenue of $2.80B. Analysts polled by Investing.com anticipated EPS of $0.73 on revenue of $2.73B. That with comparison to EPS of $0.76 on revenue of $2.63B in the same period a year before.Baxter had reported EPS of $0.97 on revenue of $3.04B in the previous quarter.Analysts are expecting EPS of $0.8 and revenue of $2.82B in the upcoming quarter.
Baxter shares are up 9.41% from the beginning of the year and are trading at $91.49 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.4% year to date.
Baxter follows other major Healthcare sector earnings this month
Baxter's report follows an earnings beat by J&J on Tuesday, April 14, 2020, who reported EPS of $2.3 on revenue of $20.69B, compared to forecasts EPS of $2.02 on revenue of $19.73B.
Pfizer had beat expectations on Tuesday with first quarter EPS of $0.8 on revenue of $12.03B, compared to forecast for EPS of $0.7 on revenue of $11.34B.
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