NYSE:BAXMedical Equipment
Baxter International (NYSE:BAX) Sees Sales Slightly Up Despite Reporting US$512 Million Net Loss
Baxter International (NYSE:BAX) reported a concerning shift from profitability to a significant loss in the fourth quarter, with net income transitioning to a loss of $512 million despite a minor increase in sales. This financial setback was marked by a basic loss per share of $1.00, markedly lower than the previous year's earnings. Nonetheless, amid a fluctuating market landscape, where the Dow Jones dropped 1.5% and the S&P 500 and Nasdaq Composite both saw declines, Baxter's stock...