Medical device maker Baxter beats sales and profit estimates on strong demand
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Medical device maker Baxter International exceeded expectations for sales and profit in the fourth quarter due to strong demand and improved supply chain. Other companies in the industry, such as Stryker and Boston Scientific, also beat profit estimates. Baxter's Medical Products and Therapies segment saw a 2.7% increase in sales. The company's fourth-quarter revenue was $3.89 billion, surpassing estimates. Baxter forecasts a full-year adjusted profit between $2.85 and $2.95 per share.
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