DCB and Currency Drag Down Becton, Dickinson's Second-Quarter Performance and Full-Year Guidance
As anticipated, the paclitaxel issue has resulted in a sizable decline in Becton, Dickinson's sales of drug-coated balloon (DCB) products. The company now anticipates sales of these products to decline 50% for the full year, providing a 150-basis-point headwind to the interventional segment revenue. Coupled with a worse than previously guided currency environment, the firm has lowered its revenue guidance by 50 basis points and its earnings per share growth from 13%-14% to 12%. We're slightly ad...Becton, Dickinson and Company is a medical technology company engaged in the development, manufacture and sale of a range of medical supplies, devices, laboratory equipment and diagnostic products. The company's segments are: BD Medical, which produces an array of medical technologies and devices that are used to help improve healthcare delivery in a range of settings; BD Life Sciences, which provides products for the safe collection and transport of diagnostics specimens, and instruments and reagent systems to detect a range of infectious diseases, healthcare-associated infections and cancers; and BD Interventional, which provides vascular, urology, oncology and surgical products.
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