Baxter International Inc Comments On Q4 2013 Revenue Guidance; Issues Q4 2013 EPS Guidance In Line With Analysts' Estimates; Updates FY 2013 Guidance


Thursday, 17 Oct 2013 07:00am EDT 

Baxter International Inc announced that for fourth quarter of 2013, it expects sales growth, excluding the impact of foreign currency, of approximately 14% to 15% (or approximately 12% to 13% including the impact of foreign currency). This includes Gambro revenues of approximately $400 million. The company projects earnings per diluted share in the fourth quarter of 2013 in a range $1.24-$1.26, before any special items. For fiscal 2013, it expects sales growth, excluding the impact of currency, of approximately 7% (or approximately 6% including the impact of foreign currency). Excluding the impact of foreign currency and the Gambro acquisition, Baxter continues to expect sales growth of approximately 4% (or approximately 3% including the impact of foreign currency). The company expects to generate revenues associated with the Gambro acquisition of approximately $500 million for the fiscal 2013. In addition, the company expects earnings of $4.65 to $4.67 per diluted share, before any special items, and cash flows from operations of approximately $3.3 billion. The company's guidance for the quarter and the full-year includes the impact of the Gambro acquisition. The Company reported revenues of $14.190 billion in fiscal 2012. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $4.30 billion and EPS of $1.26 for fourth quarter of 2013; revenue of $15.24 billion and EPS of $4.67 for fiscal 2013. 

Company Quote

74.48
0.41 +0.55%
19 Dec 2014