Becton, Dickinson Q1 2024 Adj EPS $2.68 Beats $2.40 Estimate, Sales $4.71B Miss $4.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
Becton, Dickinson (BDX) reported Q1 2024 adjusted EPS of $2.68, surpassing the $2.40 estimate, but its sales of $4.71B fell short of the $4.73B estimate, marking a 2.62% year-over-year increase.
February 01, 2024 | 11:30 am
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Becton, Dickinson reported higher-than-expected Q1 2024 adjusted EPS but slightly missed sales estimates, with a modest year-over-year growth.
The mixed results with an earnings beat but a slight miss on sales forecasts could lead to neutral short-term stock price movement for BDX. The earnings beat is positive, but the sales miss, albeit slight, may temper investor enthusiasm. The year-over-year sales growth indicates steady business performance, which could help stabilize the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100