Becton Dickinson Lifts Revenue, Adjusted EPS Outlook
02 February 2023 - 11:24PM
Dow Jones News
By Dean Seal
Becton Dickinson & Co. raised its revenue outlook for fiscal
2023 by half a billion dollars and boosted its adjusted earnings
forecast after its first-quarter results were better than analysts
had expected.
The medical-technology company now expects annual revenue of
between $19.1 billion and $19.3 billion, up from its prior forecast
of $18.6 billion to $18.8 billion.
Adjusted earnings are now projected to be in the range of $12.07
to $12.32 a share, compared with its previous guidance for between
$11.85 and $12.10 a share.
The revisions assume about $50 million to $100 million in
Covid-19 diagnostic testing revenue, down from a previous outlook
for between $125 million and $175 million.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 02, 2023 07:09 ET (12:09 GMT)
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