BD reports strong underlying growth during third quarter of 2017

BD has reported satisfaction with its financial performance for the third quarter of 2017, during which it generated a revenue total of $3.04 billion (2.34 billion pounds).

This represented a year-on-year decrease of 5.1 percent, but this drop was most due to the sale of the company's respiratory solutions business in October 2016. When considered on a comparable, currency-neutral basis, third-quarter revenues grew by 2.4 percent.

Its medical division saw a strong performance from its medication and procedural solutions, diabetes care and pharmaceutical systems units, while the life science segment saw a good performance from its biosciences unit and encouraging growth within diagnostic and preanalytical systems.

Vincent Forlenza, chairman and chief executive officer of BD, said: "We are pleased with our third quarter performance and outlook for fiscal year 2017. We continue to deliver consistent, solid results while driving toward the successful closing of the CR Bard acquisition."

The company continues to estimate that revenues for the full fiscal year 2017 will increase by 4.5 to five percent on a comparable, currency-neutral basis, excluding respiratory solutions and other divestitures closed during 2016.

It has also raised its adjusted diluted earnings per share guidance for the year from $9.42 to $9.47, which represents growth of approximately ten percent.

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