Baxter International (BAX) reported Q1 adjusted net income Thursday of $0.62 per diluted share, down from $0.65 a year earlier.
Analysts polled by FactSet expected $0.48.
Revenue for the quarter ended March 31 was $2.63 billion, up from $2.49 billion a year earlier.
Analysts surveyed by FactSet expected $2.59 billion.
The company said it expects Q2 adjusted earnings from continuing operations before special items of $0.59 to $0.63 per diluted share. Analysts surveyed by FactSet expect $0.61.
Baxter revised its expected full-year 2025 adjusted earnings from continuing operations before special items to a range of $2.47 to $2.55 per diluted share, compared to prior guidance of $2.45 to $2.55 per diluted share.
The company's shares were up more than 3% in recent premarket trading on Thursday.
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