Strong Earnings from Baxter

Baxter International (BAX), one of the new stocks on my Buy List, posted decent earnings for the fourth quarter. Earnings-per-share came in at 91 cents, two cents ahead of the Street’s estimate. The company sees 2009 EPS ranging from $3.70 to $3.78. That could be on the low side.

JP Morgan analyst Michael Weinstein wrote in a research note. “To put this in perspective, at the start of 2008, management provided initial guidance of $3.10 to 3.18 a share, yet ended up delivering $3.38.”

Posted by Eddy Elfenbein on January 22nd, 2009 at 2:19 pm

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