Baxter gains after raising annual profit forecast

Baxter International

30/07/2026 12:43

** Shares of medical device maker Baxter BAX.N rise 15% to $28.5 premarket 
** Baxter raises annual adjusted profit forecast to between $1.95 and $2.15, compared to its prior view in the range of $1.85 to $2.05
** Analysts expect 2026 profit to be $1.91 per share - LSEG data
** Co reports Q2 sales of $2.96 billion vs analysts' avg estimate of $2.76 billion
** Posts Q2 adj profit of 56 cents, above estimates of 37 cents 
** As of last close, stock up 29.6% YTD 

 (Reporting by Siddhi Mahatole)
 ((siddhi.mahatole@thomsonreuters.com))