Last year Baxter International recalled 256, 000 of its Colleague drug-infusion pumps, four times in the year issuing warnings of serious flaws to doctors and hospitals.

FORBES: The Recall That Wasn't

But the positive report, which matched Wall Street expectations, comes on the heels of a warning letter from the Food and Drug Administration that reprimands the company for failing to correct a longstanding defect in one of its drug infusion pumps.

FORBES: Medtronic Sees Revenue Growth Despite Unaddressed Quality Concerns