Baxter cuts annual profit forecast on hurricane impact

Reuters
2024-11-08

Nov 8 (Reuters) - Baxter International cut its annual profit forecast on Friday due to a hurricane-related hit to its IV solutions facility.

Baxter expects full-year adjusted profit between $2.90 and $2.94 per share, compared with its previous expectation of $2.93 to $3.01. Analysts were expecting a profit of $2.95 per share.

(Reporting by Christy Santhosh and Mariam Sunny in Bengaluru; Editing by Pooja Desai)

((Christy.Santhosh@thomsonreuters.com;))

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