Edition:
United Kingdom

Baxter Reports Q4 Adjusted EPS Of $0.64​


Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Baxter International Inc ::BAXTER REPORTS 2017 FOURTH-QUARTER AND FULL-YEAR RESULTS.Q4 GAAP LOSS PER SHARE $0.11 FROM CONTINUING OPERATIONS.Q4 REVENUE $2.8 BILLION VERSUS I/B/E/S VIEW $2.77 BILLION.Q4 EARNINGS PER SHARE VIEW $0.59 -- THOMSON REUTERS I/B/E/S.SEES Q1 EARNINGS PER SHARE $0.60 TO $0.62 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.SEES FY 2018 EARNINGS PER SHARE $2.72 TO $2.80 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q4 WORLDWIDE SALES TOTALED ABOUT $2.8 BILLION, UP 5 PERCENT ON REPORTED BASIS, 3 PERCENT ON CONSTANT CURRENCY BASIS​.BAXTER - Q4 REVENUE NEGATIVELY IMPACTED BY ABOUT $70 MILLION FROM TEMPORARY MANUFACTURING DISRUPTIONS IN PUERTO RICO DUE TO IMPACT OF HURRICANE MARIA.QTRLY ‍ADJUSTED EPS OF $0.64​.QTRLY ‍SALES IN U.S. WERE $1.1 BILLION, INCREASING 1 PERCENT​.BAXTER INTERNATIONAL - QTRLY ‍INTERNATIONAL SALES TOTALED MORE THAN $1.6 BILLION, REPRESENTING 8 PERCENT INCREASE ON REPORTED BASIS​.BAXTER - Q1 SALES WILL BE NEGATIVELY IMPACTED BY ABOUT $25 MILLION DUE TO DISRUTIONS IN PUERTO RICO.FOR FULL-YEAR 2018, BAXTER EXPECTS SALES GROWTH OF 6 TO 7 PERCENT ON A REPORTED BASIS.FOR Q1, COMPANY EXPECTS SALES GROWTH OF APPROXIMATELY 5 TO 6 PERCENT ON A REPORTED BASIS.BAXTER - ALL PUERTO RICO FACILITIES ARE BACK ON ELECTRICAL GRID & HAVE BEEN RAMPING UP PRODUCTION TO PRE-HURRICANE LEVELS.FOR Q1, OPERATIONAL SALES ARE EXPECTED TO BE FLAT TO UP 1 PERCENT AS COMPARED TO PRIOR-YEAR PERIOD.SEES ‍Q1 2018 GAAP EARNINGS PER SHARE $0.45 - $0.49​. 

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