Becton Dickinson Beats and Guides Higher

Great earnings from Becton Dickinson ($BDX). The company reported adjusted earnings of $1.51 per share which was eight cents more than Wall Street was expecting. Becton also raised its full-year EPS guidance range from $5.55 to $5.65, to $5.65 to $5.78. Wall Street’s estimate was $5.62 per share.

The company earned $343 million, or $1.53 a share, in the second quarter, higher than year-earlier earnings of $306.9 million, or $1.29 a share.

Income from continuing operations in the latest quarter was $1.51 a share; analysts surveyed by Thomson Reuters were expecting the company to earn $1.43 a share.

Revenue rose 10% to $2.01 billion, above analysts’ estimates of $1.99 billion.

“Gross margin expansion reflecting favorable product mix has offset some of the headwinds we have been facing as a result of a challenging macroeconomic environment and increased raw material costs,” said Chairman and CEO Edward Ludwig, in a statement Tuesday.

Becton Dickinson said 2011 revenue is expected to be at the higher end of its previously estimated range of 5% to 6% from fiscal 2010 because of the effects of a favorable currency.

Posted by on August 2nd, 2011 at 10:17 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.