Becton, Dickinson Kills It

Becton, Dickinson (BDX) had a great earnings report this morning. They earned $1.29 per share for the quarter which was five cents more than estimates.

“We are pleased with our results this quarter, with each of our three segments contributing to our growth. We delivered earnings per share from continuing operations of $1.29, which is in line with the Company’s expectations,” said Edward J. Ludwig, Chairman and Chief Executive Officer. “Despite the challenging global economy, we expect to deliver bottom-line growth of approximately 9 percent foreign-currency neutral, which is in line with our previously communicated range of 8 to 10 percent for the full fiscal year 2010. Profits and cash flows continue to improve as a result of operational efficiencies. We are also pleased to announce that we are increasing our share repurchases to $700 million from $550 million, which supports our ongoing commitment to return value to shareholders.”

They also raised full-year EPS guidance to $5.10 to $5.15. The stock is higher in this morning’s trading.

Posted by on July 29th, 2010 at 9:35 am

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