5 Healthcare Stocks Making Moves After Earnings

Page 1 of 5

In this article, we discuss the 5 healthcare stocks making moves after earnings. If you want to see some more healthcare companies moving on quarterly results, go directly to 10 Healthcare Stocks Making Moves After Earnings

5. Becton, Dickinson and Company (NYSE:BDX)

Number of Hedge Fund Holders: 49

Shares of Becton, Dickinson and Company (NYSE:BDX) rose to a nearly two-month high on Thursday, August 4, 2022. The surge came after the medical technology company beat financial expectations for its fiscal third quarter and lifted its outlook for the full year.

Becton, Dickinson and Company (NYSE:BDX) reported adjusted earnings of $2.66 per share, up from $2.28 per share in the year-ago period. Revenue inched up 0.7 percent versus last year to $4.6 billion. The results easily exceeded the consensus of $2.50 per share for earnings and $4.47 billion for revenue.

Becton, Dickinson and Company (NYSE:BDX) also released its segment-wise sales results. Revenue from its medical segment rose 4.7 percent to $2.19 billion, while international revenue increased 5.5 percent to $1.14 billion in the quarter. In comparison, revenue from the life science segment fell 8.7 percent to $1.31 billion.

For fiscal 2022, Becton, Dickinson and Company (NYSE:BDX) lifted its adjusted profit outlook to a range of $11.28 – $11.35 per share, from its previous guidance between  $11.15 – $11.30 per share.

Page 1 of 5