Baxter Intl (NYSE:BAX) reported its Q1 earnings results on Thursday, April 28, 2022 at 07:15 AM.

Here's what investors need to know about the announcement.

Earnings

Baxter Intl beat estimated earnings by 16.25%, reporting an EPS of $0.93 versus an estimate of $0.8.

Revenue was up $761.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.01 which was followed by a 0.54% drop in the share price the next day.

Here's a look at Baxter Intl's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Baxter Intl management provided guidance for Q2 2022, expecting earnings between $0.86 and $0.89 per share.

To track all earnings releases for Baxter Intl visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.