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Baxter shares plunge 14% after earnings miss, weak profit guidance By Investing.com
Baxter International Inc. (NYSE:BAX) shares plummeted 14% after reporting fourth-quarter earnings that missed analyst expectations and issuing weak profit guidance for fiscal year 2026. Despite revenue exceeding estimates, adjusted EPS fell short, and the company’s outlook of $1.85 to $2.05 per share was significantly below the consensus of $2.25, leading to a substantial stock decline. CEO Andrew Hider acknowledged the results did not meet expectations but expressed confidence in the company’s long-term trajectory and its new operating model.