Becton, Dickinson Beats and Guides Higher

Becton, Dickinson ($BDX) just reported fiscal Q2 earnings of $1.38 per share which was eight cents more than expectations.

The company also raised its full-year EPS guidance from the earlier range of $5.45 to $5.55 to a new range of $5.55 to $5.65.

This revised guidance reflects the anticipated effects of favorable currency and operating efficiencies, partially offset by higher resin costs and the negative impact of the Japan earthquake and tsunami. Diluted earnings per share from continuing operations for fiscal year 2011 are expected to increase 12 to 14 percent over adjusted diluted earnings per share from continuing operations of $4.94, excluding the specified item, for fiscal year 2010. The specified item represents the aforementioned 2010 non-cash charge of $0.04 per share related to healthcare reform. On a currency-neutral basis, the Company expects diluted earnings per share from continuing operations to increase about 10 percent over adjusted diluted earnings per share in the prior-year period.

If I’m reading the earnings report right, the revised guidance includes a loss of five cents per share due to the impact of the earthquake and tsunami.

This is a very good report. The stock is up about $1 in the after-hours market.

Posted by on April 26th, 2011 at 4:20 pm


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