What Baxter International’s Bottom-Line Trend Indicates

Bottom line

Baxter International’s (BAX) net interest expense decreased from $14.0 million in the third quarter of 2017 to $11.0 million in the third quarter. The company’s net other income increased from $4.0 million in the third quarter of 2017 to $32.0 million in the third quarter. While the company incurred an income tax expense of $42.0 million in the third quarter of 2017, it received an income tax benefit of $138.0 million in the third quarter.

What Baxter International’s Bottom-Line Trend Indicates

Baxter International’s net income rose from $251.0 million in the third quarter of 2017 to $544.0 million in the third quarter. The company had a net EPS of $1.0 in the third quarter. Baxter International’s net EPS was $0.45 in the third quarter of 2017.

Price performance

Baxter International stock witnessed strong gains from $62.56 on February 8 to $77.80 on October 1, which was its high point for 2018.

Amid the broader market turmoil in October, Baxter International stock has seen selling pressure and fell to $67.10 on October 26. The company’s shares continued to fall in November. However, the shares have been trending upwards in the last few trading sessions. Currently, Baxter International shares are trading at $66.0 levels.

Next, we’ll discuss analysts’ views on Baxter International stock.