Why Baxter International Stock Dived by Nearly 15% Today

Group 1 - Baxter International's stock experienced a significant decline of nearly 15% following a mixed third-quarter report that missed analyst profitability estimates [1] - Total sales for Baxter rose by 5% year over year to $2.84 billion, while net income not according to GAAP decreased by 14% to $355 million ($0.69 per share) [2] - The revenue figure fell short of the consensus analyst estimate of $2.88 billion, although the adjusted net profit exceeded the projection of $0.60 [3] Group 2 - Baxter's business segments showed varied performance, with Pharmaceuticals leading growth at 7% to $632 million, Healthcare Systems and Technologies increasing by 3% to $773 million, while Medical Products and Therapies declined by 1% to just under $1.33 billion [4] - The "other" category saw a significant increase, rising more than fivefold to $101 million [4] - Management's guidance for the full year anticipates sales growth of only 1% to 2% over the 2024 result, with adjusted net income forecasted at $2.35 to $2.40 per share, below the average analyst estimate of $2.44 [5]