Becton Dickinson (BDX) Tops Q3 EPS by 4c, Raies FY EPS Guidance

Becton Dickinson (NYSE: BDX) reported Q3 EPS of $2.05, $0.04 better than the analyst estimate of $2.01. Revenue for the quarter came in at $3.13 billion versus the consensus estimate of $3.13 billion.

Becton Dickinson sees FY2015 EPS of $7.08-$7.12, versus the consensus of $7.07.

The Company expects currency-neutral adjusted revenues for the full fiscal year 2015, including the accretion from the acquisition of CareFusion, to grow 28.5 to 29.0 percent, which is at the high end of its previously communicated guidance range. Including the impact of foreign currency, adjusted revenues are expected to grow 21.0 to 21.5 percent, compared to 21.0 to 22.0 percent previously communicated due to an incrementally negative estimated impact from foreign currency. On a comparable, currency-neutral basis, the Company continues to estimate organic revenue growth to be approximately 4.5 percent. As reported, the Company expects full fiscal year revenues to grow 20.7 to 21.2 percent.

The Company is raising its full-year fiscal 2015 adjusted diluted earnings per share guidance to a range of $7.08 to $7.12. This represents growth of 20.0 to 21.0 percent on a currency-neutral basis. Including the incrementally negative estimated impact from foreign currency, the Company expects adjusted diluted earnings per share growth of 8.5 to 9.5 percent. Adjusted diluted earnings per share exclude, among other specified items, the non-cash amortization of intangible assets, and include the accretion from the CareFusion acquisition. As reported, the Company expects full fiscal year diluted earnings per share to be between $3.85 and $3.89.

For earnings history and earnings-related data on Becton Dickinson (BDX) click here.

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