08:22 AM EST, 11/08/2024 (MT Newswires) -- Baxter International ( BAX ) reported Q3 adjusted earnings Friday of $0.80 per diluted share, down from $0.82 a year earlier.

Analysts polled by Capital IQ expected $0.78.

Total worldwide sales, including discontinued operations sales, were $3.85 billion. Analysts surveyed by Capital IQ expected $3.85 billion. Net sales rose to $2.7 billion from $2.6 billion a year earlier.

For Q4, the biopharmaceutical company expects adjusted EPS of $0.77 to $0.81 on revenue declining by the low single digits. Analysts polled by Capital IQ expect normalized EPS of $0.85.

For 2024, the company lowered its adjusted EPS guidance to $2.90 to $2.94 per diluted share on total sales growth of 1% to 2%, down from its previous projection of adjusted EPS $2.93 to $3.01 per diluted share on sales growth of 3%. Analysts polled by Capital IQ expect normalized EPS of $2.95.

Baxter said it adjusted its full-year guidance to reflect the impact of Hurricane Helene on its Q4 results.

Shares of the company were down more than 1% in recent premarket activity.

Price: 35.30, Change: -0.74, Percent Change: -2.05