BAX Stock Surges Following Q4 Earnings & Sales Beat, Margins Decline

Baxter International Inc. (BAX) reported fourth-quarter 2024 adjusted earnings per share (EPS) of 58 cents, which beat the Zacks Consensus Estimate of 52 cents by 11.5%. The bottom line declined 10.8% from the year-ago quarter’s level due to a surge in costs and expenses.On a GAAP basis, the company reported a loss per share of 95 cents against EPS of 43 cents in the prior-year quarter. The significant loss was due to special items, primarily related to the impact of a Front Line Care goodwill impairment ch ...