Baxter's margin expansion potential supports healthy earnings growth outlook.
Baxter reported growth of 6% and adjusted operating margin of 16.3% during its third quarter that keeps performance mostly in line with our expectations. Despite a $70 million top line and $0.06 EPS headwind expected in the fourth quarter from hurricane impact on manufacturing sites in Puerto Rico, management slightly raised its year-end adjusted EPS outlook to $2.40 to $2.43 based in part on cyclophosphamide performance and a lower tax rate. We don't anticipate a change to our fair value estima...Baxter International, through its subsidiaries, provides a portfolio of healthcare products, including acute and chronic dialysis therapies; sterile intravenous solutions; infusion systems and devices; parenteral nutrition therapies; inhaled anesthetics; generic injectable pharmaceuticals; and surgical hemostat and sealant products. These products are used by hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors' offices and by patients at home under physician supervision. The company manages its business based on three geographic segments: Americas (North and South America), Europe, Middle East and Africa and Asia-Pacific.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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