Investing.com - Baxter (NYSE:BAX) reported second quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.89 on revenue of $2.84B. Analysts polled by Investing.com forecast EPS of $0.81 on revenue of $2.79B. That compared to EPS of $0.77 on revenue of $2.84B in the same period a year earlier. The company had reported EPS of $0.76 on revenue of $2.63B in the previous quarter.
For the year, Baxter shares are up 27.51%, outperforming the S&P 500 which is up 21.91% year to date.
Baxter follows other major Healthcare sector earnings this month
On Tuesday, July 16, 2019, J&J reported second quarter EPS of $2.58 on revenue of $20.56B, compared to forecasts of EPS of $2.46 on revenue of $20.29B.
Novartis ADR earnings beat analyst's expectations on Thursday, July 18, 2019, with second quarter EPS of $1.34 on revenue of $11.76B. Investing.com analysts expected EPS of $1.21 on revenue of $11.49B
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