Investing.com - Baxter (NYSE:BAX) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.76 on revenue of $2.63B. Analysts polled by Investing.com forecast EPS of $0.68 on revenue of $2.61B. That compared to EPS of $0.7 on revenue of $2.68B in the same period a year earlier. The company had reported EPS of $0.78 on revenue of $2.84B in the previous quarter.
For the year, Baxter shares are up 15.89%, under-performing the S&P 500 which is up 18.18% year to date.
Baxter follows other major Healthcare sector earnings this month
On Tuesday, April 16, 2019, J&J reported first quarter EPS of $2.1 on revenue of $20.02B, compared to forecasts of EPS of $2.04 on revenue of $19.61B.
Novartis ADR earnings beat analyst's expectations on Wednesday, with first quarter EPS of $1.21 on revenue of $11.11B. Investing.com analysts expected EPS of $1.1 on revenue of $11.4B
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