WASHINGTON (dpa-AFX) - Medical technology company Becton, Dickinson and Co.
(BDX), while reporting weak profit in its first quarter, but above market
estimates, on Thursday raised its fiscal 2024 earnings and revenue view.

In pre-market activity on the NYSE, BD shares were gaining 4.7 percent to trade
at $250.01.

Tom Polen, chairman, CEO and president of BD, said, 'As we build on this
momentum, advance our strong innovation pipeline and accelerate the adoption of
our BD Excellence operating system, we are well-positioned to achieve our
increased fiscal 2024 guidance...'

For fiscal 2024, the company now projects adjusted earnings per share to be
$12.82 to $13.06, compared to $12.70 to $13.00 expected previously. This
reflects an increase of 9 cents at the midpoint.

Adjusted earnings per share guidance reflects growth of approximately 5 percent
to 7 percent.

The company now expects fiscal year 2024 revenues to be in the range of
approximately $20.2 billion to $20.4 billion, compared to previously expected
$20.1 billion to $20.3 billion.

Organic revenue growth is now expected to be 5.5 percent to 6.25 percent
compared to 5.25 percent to 6.25 percent previously.

Total currency-neutral revenue growth is now expected to be 4.75 percent to 5.5
percent, compared to 4.5 percent to 5.5 percent previously.

Analysts on average expect the company to earn $14.26 per share on revenues of
$21.38 billion, according to figures compiled by Thomson Reuters. Analysts'
estimates typically exclude special items.

In its first quarter, the company's bottom line came in at $281 million, or
$0.96 per share. This compares with $486 million, or $1.70 per share, in last
year's first quarter.

Adjusted earnings were $2.68 per share for the period, compared to $2.98 per
share last year. Analysts had expected the company to earn $2.40 per share.

The company's revenue for the quarter rose 2.6 percent to $4.71 billion from
$4.59 billion last year.

For more earnings news, earnings calendar, and earnings for stocks, visit
rttnews.com.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX