Becton Dickinson (NYSE: BDX) reported Q2 EPS of $2.65, $0.02 better than the analyst estimate of $2.63. Revenue for the quarter came in at $4.22 billion versus the consensus estimate of $4.12 billion.

Fiscal 2018 Outlook for Full Year

The company now expects full fiscal year 2018 revenues to increase approximately 31.0 to 31.5 percent on a reported basis. This is an improvement from previously issued guidance of 30.0 to 31.0 percent growth. On a comparable, currency-neutral basis, the company is raising its revenue guidance to 5.0 to 5.5 percent growth, which is the high end of its previous guidance range. This includes an estimated 50 basis point adverse impact from the change in the U.S. dispensing business model and the estimated sales impact from Hurricane Maria in Puerto Rico on Bard\'s business during BD\'s first fiscal quarter.

The company is raising its full fiscal year 2018 adjusted diluted earnings per share guidance to be between $10.90 and $11.05 due to an increase in the estimated benefit from foreign currency. This represents growth of approximately 15.0 to 16.5 percent over fiscal 2017 adjusted diluted earnings per share, and is an increase from previous guidance of $10.85 to $11.00 which represented growth of approximately 15.0 to 16.0 percent. On a currency-neutral basis, the company continues to expect full fiscal year adjusted diluted earnings per share growth of approximately 12.0 percent.

GUIDANCE:

Becton Dickinson sees FY2018 EPS of $10.95-$11.05, versus the consensus of $10.96.

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