Baxter International Inc. Q4 Profit Decreases, misses estimates

(RTTNews) - Baxter International Inc. (BAX) revealed a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $181 million, or $0.36 per share. This compares with $238 million, or $0.47 per share, in last year's fourth quarter.

Excluding items, Baxter International Inc. reported adjusted earnings of $444 million or $0.88 per share for the period.

Analysts on average had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.8% to $3.89 billion from $3.51 billion last year.

Baxter International Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $181 Mln. vs. $238 Mln. last year. -EPS (Q4): $0.36 vs. $0.47 last year. -Analyst Estimates: $0.94 -Revenue (Q4): $3.89 Bln vs. $3.51 Bln last year.