Why Baxter International Stock Skyrocketed by 19% This Week

Baxter International's stock surged 19% following strong second-quarter earnings that beat analyst expectations. The company reported $2.96 billion in sales (5% YoY growth) and raised full-year guidance for both revenue growth (3-4%) and adjusted EPS ($1.95-$2.15), citing strong performance across both product categories and geographic regions.