Baxter third-qtr earnings hit by costs, but sales rise
US health care product company Baxter International (NYSE: BAX) today reported a 14% drop in net income of $468 million and earnings per share of $0.86 for the third quarter of 2014, compared with $544 million and earnings per share of $0.99 in the like year-earlier period, but still exceeding its own expectations. Excluding special items, its adjusted earnings climbed 9% to $1.35 per share from $1.24 per share.
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