According to J.P. Morgan, Baxter Intl BAX reported strong 2Q results Thursday morning, with sales of $3.536B (+10.7% reported, +7.2% organic) coming in $159M above consensus and $131M better than the estimate.
J.P. Morgan said that top-line results were aided by currency (+$50M more than the forecast) in BAX's easiest comparison of the year. “On the bottom line, we are raising our 2012 EPS forecast $0.06 to $4.74 (+9.9%) owing to better mix and higher GM.”
Baxter Intl closed yesterday at $62.41.
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