Shares of Baxter International Inc. (NYSE: BAX) soared 6.42% in pre-market trading on Thursday, following the company's better-than-expected fourth-quarter 2024 earnings results and a robust outlook for 2025.
For the fourth quarter, Baxter reported adjusted earnings per share of $0.77, surpassing the consensus estimate of $0.52. Revenue came in at $2.75 billion, beating analysts' expectations of $2.67 billion. The company's strong performance was driven by solid demand across its product portfolio.
Looking ahead to 2025, Baxter provided an optimistic outlook, projecting sales growth of 5% to 6% on a reported basis and 4% to 5% on an operational basis. The company expects adjusted earnings from continuing operations, before special items, to range between $2.45 and $2.55 per diluted share, exceeding the consensus estimate of $2.47.
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