Baxter International Inc's (NYSE:BAX) net income rose and exceeded Wall Street expectations in the second quarter.
Earnings and Revenue The company experienced stronger-than-expected EPS and revenues. The company reported EPS of $1.19 a share versus the $1.11 a share estimate and revenues of $3.6 billion versus the $3.53 billion estimate. The company's reported EPS came in above the high estimate of 15 analysts of a profit of $1.13.
The company's net income for the quarter rose 7.5% to $661 million. Revenue climbed 1.8% from $3.54 billion in the same period last year.
Company Fundamental Trends Last quarter marked the third in a row of rising net income. The company's revenue has grown during at least each of the past four quarters on a year-over-year basis.
History Against Expectations The company has managed to top estimates the last two quarters. In the first quarter, it beat expectations with net income of $1.01 versus a mean estimate of net income of 99 cents per share.
Estimates provided by Zacks Investment Research and company fundamentals from Xignite Financials.