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Baxter: Q3 Earnings Snapshot

DEERFIELD, Ill. (AP) _ Baxter International Inc. (BAX) on Thursday reported third-quarter earnings of $450 million.

On a per-share basis, the Deerfield, Illinois-based company said it had net income of 89 cents. Earnings, adjusted for one-time gains and costs, were $1.02 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.

The drug and medical device maker posted revenue of $3.23 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.22 billion.

For the current quarter ending in December, Baxter expects its per-share earnings to range from $1 to $1.04.

The company expects full-year earnings in the range of $3.58 to $3.62 per share.

Baxter shares have increased 2% since the beginning of the year, while the S&P's 500 index has climbed 21%.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAX at https://www.zacks.com/ap/BAX

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