Investing.com - Baxter (NYSE:BAX) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Baxter announced earnings per share of $0.87 on revenue of $3.75B. Analysts polled by Investing.com anticipated EPS of $0.8735 on revenue of $3.88B.
Baxter shares are down 22.18% from the beginning of the year and are trading at $66.80 , down-from-52-week-high.They are under-performing the S&P 500 which is down 15.58% from the start of the year.
Baxter follows other major Healthcare sector earnings this month
Baxter's report follows an earnings beat by UnitedHealth on July 15, who reported EPS of $5.57 on revenue of $80.33B, compared to forecasts EPS of $5.21 on revenue of $79.68B.
J&J had beat expectations on July 19 with second quarter EPS of $2.59 on revenue of $24.02B, compared to forecast for EPS of $2.54 on revenue of $23.77B.
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