Baxter International raises annual profit forecast on higher sales in renal care unit
Yahoo! Finance
Baxter International on Thursday raised its annual profit forecast and beat estimates for first-quarter earnings on strong sales in its renal care unit, sending its shares up nearly 2% before the bell. The much-awaited recovery in elective surgeries due to the easing of staffing shortages has helped drive a surge in hospital admissions, boosting demand for medical devices. The Deerfield, Illinois-based company now expects full-year adjusted profit in the range of $2.85 to $3 per share, compare...
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