logo munafa.co.com

NEWS Gainers Losers
 Learn then Earn

 story : Becton Dickinson beats profit expectations, plans to spin off Diabetes Care business #FinanceUSA #StockMarketNEWS Becton Dickinson & Co. reported Thursday fiscal second-quarter profit and sales that

@stockMarketNEWS Thu 06 May, 2021

Posted in: #FinanceUSA #StockMarketNEWS

Becton Dickinson beats profit expectations, plans to spin off Diabetes Care business #FinanceUSA #StockMarketNEWS
Becton Dickinson & Co. reported Thursday fiscal second-quarter profit and sales that rose above expectations, boosted by 0 million in COVID-19 testing sales, and announced plans to separate its Diabetes Care business into an independent publicly traded company. The medical technology company's stock was still inactive in premarket trading. Net income for the quarter to March 31 rose to 7 million, or 95 cents a share, from 5 million, or 53 cents a share, in the year-ago period. Excluding nonrecurring items, such as purchase accounting adjustments and European regulatory initiative related costs, adjusted earnings per share came to .19, above the FactSet consensus of .04. Revenue grew 15.4% to .91 billion, topping the FactSet consensus of .89 billion, as medical revenue rose 1.7% and life sciences revenue increased 10.4% while interventional revenue fell 3.9%. For 2021, the company expects adjusted EPS growth of 24% to 25%, while the FactSet consensus of .86 implies 26.1% growth. Separately, the company said it expects the spinoff to occur through a distribution of stock in the new company to its shareholders, with the deal expected to be completed in the first half of 2022. The stock has lost 1.9% over the past three months, while the S&P 500 has gained 7.2%.


Munafa USA Munafa India Munafa NSE


Report

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

 Learn then Earn
Back to top | Use Dark Theme