1 Min Read
(Corrects year-earlier net adjusted income figure in paragraph 2 to $659 million from $639 million. Also corrects year-ago per-share figure to $1.20 from $1.16)
July 17 (Reuters) - Medical device and drug maker Baxter International Inc reported higher-than-expected quarterly earnings and revenue, helped by surging sales in its medical products division.
Net adjusted income rose to $692 million, or $1.26 per share in the second quarter ended June 30, from $659 million, or $1.20 per share, a year earlier.
Revenue rose about 16 percent to $4.3 billion.
Analysts on average had expected adjusted earnings of $1.22 per share, excluding items, on revenue of $4.12 billion, according to Thomson Reuters I/B/E/S.
Deerfield, Illinois-based Baxter's stock closed at $76.60 on the New York Stock Exchange on Wednesday. (Reporting by Natalie Grover in Bangalore; Editing by Maju Samuel)