Baxter International Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - Baxter International Inc. (BAX) released earnings for its first quarter that advanced from last year.

The company's earnings came in at $389 million, or $0.71 per share. This compares with $272 million, or $0.49 per share, in last year's first quarter.

Excluding items, Baxter International Inc. reported adjusted earnings of $388 million or $0.70 per share for the period.

Analysts had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.1% to $2.68 billion from $2.48 billion last year.

Baxter International Inc. earnings at a glance:

-Earnings (Q1): $388 Mln. vs. $318 Mln. last year. -EPS (Q1): $0.70 vs. $0.58 last year. -Analysts Estimate: $0.62 -Revenue (Q1): $2.68 Bln vs. $2.48 Bln last year.

-Guidance: Next quarter EPS guidance: $0.69 to $0.71 Full year EPS guidance: $2.85 to $2.93