Baxter reports q4 loss per share $0.05 from continuing operations

Baxter reports fourth-quarter and full-year 2019 results, completes financial restatement process.q4 sales $3.0 billion versus refinitiv ibes estimate of $2.98 billion.sees q1 2020 adjusted earnings per share $0.72 to $0.74 excluding items.q4 gaap loss per share $0.05 from continuing operations.q4 earnings per share estimate $0.88 -- refinitiv ibes data.with submission of restated financials, company is now current in its sec reporting obligations.has now completed its internal investigation into certain intra-company transactions.baxter international - worldwide sales in fourth quarter totaled $3.0 billion, an increase of 7% on reported basis.is now current in its sec reporting obligations.baxter international - is not providing guidance for full-year 2020.net loss from continuing operations represented a decline of 109% and included special items totaling $524 million after-tax.baxter international - sees q1 2020 sales growth of 4% to 5% on reported basis and 5% to 6% on both constant currency and operational basis.baxter international - special items of $524 million after-tax, primarily related to noncash pension settlement charge. business optimization expenses.baxter international - sees q1 2020 expects adjusted net income, before special items, of $0.72 to $0.74 per diluted share.qtrly adjusted income from continuing operations attributable to baxter totaled $501 million, or $0.97 per diluted share.
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