By Dave Sebastian
Becton Dickinson & Co. said it raised its fiscal 2021 revenue growth and adjusted earnings guidance ranges as it posted higher third-quarter profit and revenue.
The Franklin Lakes, N.J.-based medical-technology company on Thursday said it expects revenue to grow about 16.5% to 17% for the year, up from its prior guidance of 12% to 14%. It expects adjusted earnings of $12.85 to $12.95 a share, up from its prior outlook of $12.75 to $12.85 a share.
At the same time, the company said it has started to see some effect on elective procedures from the spread of the Delta variant of the Covid-19 virus in some U.S. states, and assumes some continuation of the trend.
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(END) Dow Jones Newswires