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More on Becton, Dickinson FQ1: Net profit falls; raises outlook

  • Becton, Dickinson (BDX) FQ1 net profit falls to $271M from $625M a year earlier, which included income of $355M from discontinued operations.
  • Total operating costs +8.5% to $1.64B.
  • Revenue breakdown: Medical segment +8.2% to $1.06B, Diagnostics +3.1% to $672M. U.S revenues +2.3%, international +8.9%, reflecting strength in emerging markets.
  • BD raises the lower end of its FY adjusted EPS guidance by 3 cents and now expects $6.19-6.22 vs $5.81 a year earlier. Consensus is for $6.23. BD projects that reported and currency-neutral revenues will increase 4.5-5% vs a previous prediction of +4-5%.
  • BD intends to buy back $450M of its common stock during the FY. (PR)
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Comments (1)
  • Doug Meeks
    , contributor
    Comments (1737) | Send Message
     
    The net profit drop was expected. The EPS was above expectations, and revenue was above expectations, so last year BDX had a big business unit sale to add to the bottom line pushing it up on a one time item to $625M, this is a poorly written post on what is ALL GOOD NEWS FROM BDX.
    4 Feb 2014, 08:27 AM Reply Like
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