Why Is Medical Device Maker Baxter Stock Trading Lower On Thursday?

Thursday, Baxter International Inc (NYSE: BAX ) reported first-quarter adjusted EPS of $0.65, up 10% Y/Y, beating the consensus of $0.61 and the management guidance of $0.59-$0.62 . The company reported sales of $3.59 billion, which beat the consensus of $3.553 billion . Sales increased 2% on a reported basis and 3% on a constant currency basis, exceeding the company’s previously issued guidance of approximately 1% and 1% to 2%, respectively. “Baxter’s results in the first quarter reflect the company’s solid operational performance, fueled by the benefits being realized from our … Full story available on Benzinga.com...

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