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Becton (BDX) Beats on Q1 Earnings and Revenues Estimates

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Based in New Jersey, Becton, Dickinson and Company (BDX - Free Report) is a medical technology company engaged principally in the development, manufacture and sale of medical devices, instrument systems and reagents. These products are used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public.

Currently, Becton, Dickinson has a Zacks Rank #2 (Buy) but that could change following its first-quarter fiscal 2018 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here). We have highlighted some of the key details from the just-released announcement below:

Earnings: Becton, Dickinson’s adjusted earnings of $2.48 per share beat the Zacks Consensus Estimate of $2.40 and increased 3.9% at constant currency (cc) basis.

Revenues: Reported revenues amounted to $3.08 billion up 3.7% at cc. Revenues also came above the Zacks Consensus Estimate of $3.05 billion.

Key Stats: For fiscal 2018, revenues, including the accretion from the acquisition of C.R. Bard, are expected to increase approximately 30 to 31% at cc.

The company also expects adjusted diluted earnings per share to be between $10.85 and $11, which represents a growth of approximately 12% at cc, including the accretion from the acquisition of C.R. Bard.

Major Factors: BD Medical generated revenues of $2.04 billion, up 1.9% at cc.

BD Life sciences generated revenues of $ 1.05 billion, up 7.3% at cc.

Stock Price: Shares have risen roughly 13.7% in the last six months, while the broader industry  has gained 9.8% over the same time frame. However, following the earnings release, share prices decreased 0.4% in the pre-market trading session.

Check back later for our full write up on this Becton, Dickinson and Company earnings report!

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