Baxter International Inc. Announces 139% Gain In Q2 Bottom Line

(RTTNews) - Baxter International Inc. (BAX) reported a profit for its second quarter that gained ground from last year.

The company said its bottom line advanced to $256 million, or $0.46 per share. This was higher than $107 million, or $0.19 per share, in last year's second quarter.

Analysts had expected the company to earn $0.40 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.4% to $2.59 billion. This was up from $2.48 billion last year.

Baxter International Inc. earnings at a glance:

-Earnings (Q2): $256 Mln. vs. $107 Mln. last year. -Earnings Growth (Y-o-Y): 139.3% -EPS (Q2): $0.46 vs. $0.19 last year. -EPS Growth (Y-o-Y): 142.1% -Analysts Estimate: $0.40 -Revenue (Q2): $2.59 Bln vs. $2.48 Bln last year. -Revenue Change (Y-o-Y): 4.4%

-Guidance: Next quarter EPS guidance: $0.43 - $0.45 Full year EPS guidance: $1.69 - $1.74