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Article: BAXTER POSTS STRONG SALES/EARNINGS FOR 3RD QTR 2008.
- Article from:
- Biotech Financial Reports
- Article date:
- November 1, 2008
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Baxter International Inc. (NYSE:BAX), Deerfield, Ill., posted strong financial results for the third quarter of 2008, which compared favorably to the guidance previously provided, and raised its full-year 2008 earnings outlook.
Baxter reported third quarter net income of $472 million, an increase of 19 percent compared to $395 million reported in the third quarter of 2007. Earnings per diluted share of $0.74 increased 21 percent from $0.61 per diluted share in the prior year period. The third quarter results include after-tax special charges totaling $91 million (or $0.14 per diluted share) for fixed asset write-offs associated with the discontinuation of the ...