Baxter International Inc. (BAX) reported a decline in third-quarter earnings compared to the same period last year. The company posted earnings of $140 million, or $0.27 per share, significantly down from the $2.508 billion, or $4.93 per share, recorded in the third quarter of the previous year.
On an adjusted basis, excluding certain items, Baxter International reported earnings of $411 million or $0.80 per share for the quarter.
Revenue for the quarter experienced an increase of 3.8%, climbing to $2.699 billion from $2.599 billion in the prior year.
Highlighted financial metrics for Baxter International Inc. under Generally Accepted Accounting Principles (GAAP) are as follows:
- Third-quarter earnings: $140 million, compared to $2.508 billion in the previous year.
- Earnings per share (EPS) for the third quarter: $0.27, compared to $4.93 last year.
- Revenue for the third quarter: $2.699 billion, up from $2.599 billion last year.
