08:45 AM EDT, 05/01/2025 (MT Newswires) -- Baxter International ( BAX ) reported Q1 adjusted net income Thursday of $0.62 per diluted share, down from $0.65 a year earlier.

Analysts polled by FactSet expected $0.48.

Revenue for the quarter ended March 31 was $2.63 billion, up from $2.49 billion a year earlier.

Analysts surveyed by FactSet expected $2.59 billion.

The company said it expects Q2 adjusted earnings from continuing operations before special items of $0.59 to $0.63 per diluted share. Analysts surveyed by FactSet expect $0.61.

Baxter revised its expected full-year 2025 adjusted earnings from continuing operations before special items to a range of $2.47 to $2.55 per diluted share, compared to prior guidance of $2.45 to $2.55 per diluted share.

The company's shares were up more than 3% in recent premarket trading on Thursday.