US Stock Movement: Baxter International sharply falls on October 29 as EPS drops 16%, tax rate rises, and upper limit remains flat

Baxter International October 29 Major Drop Analysis

Keywords: EPS dropped 16%, higher tax rate, upper limit unchanged

1. On October 29, 2026, Baxter International announced its third quarter results. Adjusted earnings per share were $0.58, higher than market expectations but down 16% from $0.69 in the same period last year. The company disclosed that the decline was mainly due to an increase in the effective tax rate.

2. On October 29, 2026, the company raised its full-year 2026 adjusted EPS guidance from $1.95–$2.15 to $2.05–$2.15, increasing the lower bound and maintaining the upper bound at $2.15. The sales guidance for the same period was raised to $11.694–$11.806 billion.

(Disclaimer: This content is compiled and summarized based on publicly available information by AI technology, for reference only and does not constitute investment advice.)