By Nicholas G. Miller
Baxter International reported a wider fourth-quarter loss and said that despite sales growth across categories, the quarter's results missed its expectations.
Shares fell 15% to $19.02 in premarket trading.
The healthcare company reported a wider loss of $1.13 billion, or $2.19 a share, compared with a loss of $512 million, or $1 a share, the year prior. The loss included a goodwill impairment charge of $485 million related to the Front Line Care reporting unit.
Adjusted earnings were 36 cents a share. The company said adjusted profit was hurt by unfavorable product mix, non-recurring items including inventory adjustments and a higher effective tax rate.
Sales from continuing operations rose 8% to $2.97 billion. Medical products and therapies revenue rose 6%, healthcare systems and technologies sales increased 5%, while pharmaceutical sales rose 4%.
"While we delivered sales growth across all segments, our fourth-quarter results did not meet our expectations," said Chief Executive Andrew Hider.
The company guided for 2026 sales from continuing operations to be flat to up 1% and adjusted earnings from continuing operations of $1.85 to $2.05 a share.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
February 12, 2026 07:50 ET (12:50 GMT)
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