TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  The Motley Fool

Why Baxter International Stock Dived by Nearly 15% Today

The Motley Fool Logo The Motley Fool By Eric Volkman
Why Baxter International Stock Dived by Nearly 15% Today

Baxter International experienced a significant stock drop after reporting mixed third-quarter results, with total sales rising 5% year-over-year but adjusted net income declining 14%. The company's reduced full-year guidance further contributed to investor concerns.

Insights
BAX   negative

Stock dropped nearly 15% due to missed revenue estimates, declining profitability, and lowered full-year guidance. Net income decreased by 14%, and sales growth was below analyst expectations.