Baxter Raises 2026 EPS Outlook as Shares Fall About 4% Intraday

Baxter International Inc. (BAX) shares were down about 4% in Thursday trading as of 12:04 p.m. ET (16:04 UTC) on Oct. 29, even as the healthcare products company posted third-quarter results that beat on both lines.

Baxter raised its 2026 adjusted diluted earnings-per-share outlook to $2.05 to $2.15, from $1.95 to $2.15. The change lifted the lower end of the range by 10 cents, while the upper end remained $2.15.