Baxter International (BAX.US) saw a significant 8% increase after its Q4 results surpassed expectations.

On Thursday, BAX.US shares rose as much as 8%, the biggest gain since August 6, 2022. As of writing, the stock rose over 6% to $32.91. On the news, in the fourth quarter of 2024, BAX achieved revenue of US$2.75bn, topping analysts' expectations of US$2.66bn, up 0% YoY but 3.4% above expectations. Adjusted EPS was US$1.89, significantly topping the consensus of US$0.52. Adjusted operating income was US$419mn, topping analysts' expectations of US$397.2mn, and the operating margin reached 15.2%, 5.5% higher than expectations.

For the first quarter of 2025 fiscal year, the company expects a revenue midpoint of US$2.58bn, lower than the market's expectation of US$2.61bn. In addition, the company expects full-year adjusted EPS of US$2.50, 1.6% higher than analysts' expectations.