DEERFIELD, Ill. (Jan. 24)—Baxter International Inc. reported increased sales and earnings for the fourth quarter and full-year periods. Sales were up 10 percent in the fourth quarter to $2.3 billion from $2.1 billion, while earnings, including discontinued operations and special charges, reached $9 million vs. a loss of $75 million in the 2001 period. Baxter posted full-year net income of $778 million on sales of $8.1 billion, compared with earnings of $612 million on sales of $7.4 billion last year. In the final period, the company said it took special charges related to two acquisitions and the planned divestiture of the majority of its renal services portfolio.
Baxter posts improved sales, net income for year
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