Becton Dickinson Raises FY22 Guidance
August 04 2022 - 7:26AM
Dow Jones News
By Connor Hart
Becton, Dickinson & Co. on Thursday raised and narrowed its
full-year projections for revenue and adjusted per-share earnings
to reflect its most recent performance.
The Franklin Lakes, N.J.-based media technology company said it
now expects full-year revenue to be between $18.75 billion and
$18.83 billion, up from its previous view of $18.5 billion to $18.7
billion.
The revenue forecast reflects a stronger growth rate in base
businesses and an increase in Covid-19-only diagnostic testing
revenues, the company said.
The company raised its adjusted per-share earnings projection
for the year to between $11.28 and $11.35, from its previous view
of $11.15 to $11.30.
The raised guidance came as the company reported a fall in its
third-quarter profit, which was negatively affected by spinoff- and
acquisition-related costs. The company's adjusted per-share
earnings and revenue grew in its quarter ended June 30 and beat
Wall Street expectations.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
August 04, 2022 07:11 ET (11:11 GMT)
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