On Tuesday, Shares of Baxter International Inc. (NYSE:BAX), gained 2.02% to $40.31.
Baxter International stated second quarter financial results that exceeded the company’s formerly issued guidance, and offered its complete financial outlook for the second half of 2015. The results for the second quarter of 2015 comprise the company’s BioScience business, which was officially spun-off on July 1st and is now operating as a publicly traded biopharmaceutical company, Baxalta Incorporated (BXLT). Starting in the third quarter of 2015, the BioScience business will be presented as a suspended operation in Baxter’s results.
For the second quarter, Baxter posted net income of $332 million and earnings of $0.60 per diluted share. Second quarter 2015 results comprised of net after-tax special items totaling $218 million (or $0.40 per diluted share) primarily related to costs associated with the company’s spin-off of Baxalta, select business development initiatives and intangible asset amortization, partially offset by a benefit from a litigation settlement in which Baxter was the beneficiary. Second quarter 2014 results comprised of net after-tax charges totaling $172 million or ($0.31 per diluted share).
On an adjusted basis, not taking into account special items, Baxter’s second quarter net income totaled $550 million, or $1.00 per diluted share, surpassing the guidance the company formerly offered of $0.92 to $0.96 per diluted share.
Baxter International Inc., develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney disease, trauma, and other chronic and acute medical conditions.
Finally, Vipshop Holdings Limited (NYSE:VIPS), ended its last trade with 2.80% gain, and closed at $20.57.
Vipshop Holdings Limited declared that it plans to release its second quarter 2015 financial results on Monday, August 10, 2015 after market close. The Company will hold a conference call on Tuesday, August 11, 2015 at 8:00 am Eastern Time or 8:00 pm Beijing Time to talk about the financial results.
Vipshop Holdings Limited, through its auxiliaries, operates as an online discount retailer for various brands in the People’s Republic of China. It offers a range of branded products, counting women’s apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men’s apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men shoes for casual and formal occasions; and accessories comprising of belts, jewelry, watches, and glasses for women and men.
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