Becton Dickinson Raises FY22 Guidance

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.

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(END) Dow Jones Newswires

August 04, 2022 07:11 ET (11:11 GMT)

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