US Stock Market Move | Q4 performance exceeds expectations, share price of Baxter International Inc. (BAX.US) surged up to 8%

On Thursday, the stock price of Baxter International Inc. (BAX.US) rose by 8% at one point, marking the largest increase since August 6th of last year. As of the time of writing, the stock had risen by over 6% to $32.91. On the news front, in the fourth quarter of 2024, Baxter International Inc. reported revenue of $2.75 billion, higher than analysts' expectations of $2.66 billion, with a year-on-year growth on par but exceeding expectations by 3.4%. Adjusted earnings per share were $1.89, significantly higher than the market consensus of $0.52. Adjusted operating income was $419 million, higher than analysts' expectations of $397.2 million, with an operating profit margin of 15.2%, surpassing market expectations by 5.5%. Looking ahead to the first quarter of the 2025 fiscal year, the company expects median revenue of $25.8 billion, lower than the market expectation of $26.1 billion. Additionally, the company's full-year adjusted earnings per share are forecasted to be $2.50, with the median surpassing analysts' expectations by 1.6%.