Baxter’s stock fell after the company reported Q4 earnings that missed analyst expectations, despite sales exceeding forecasts. The company posted a significant loss and announced a new operating model designed to simplify the organization, accelerate innovation, and improve performance. CEO Andrew Hider expressed confidence in Baxter’s long-term trajectory despite the challenging quarter.
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Baxter stock dives on Q4 EPS miss, company introduces new operating model
Baxter’s stock fell after the company reported Q4 earnings that missed analyst expectations, despite sales exceeding forecasts. The company posted a significant loss and announced a new operating model designed to simplify the organization, accelerate innovation, and improve performance. CEO Andrew Hider expressed confidence in Baxter’s long-term trajectory despite the challenging quarter.