The Franklin Lakes, N.J.-based company swung to a net loss of -$50 million, or -19¢ per share, on sales of $4.22 billion for the 3 months ended March 31, up 42% compared with the same period last year.
Adjusted to exclude 1-time items, earnings per share were $2.65, ahead of consensus on The Street, where analysts were looking for sales of $4.12 billion.
“Our results this quarter mark a significant milestone in our 120-year history, as we welcomed C. R. Bard to BD,” chairman & CEO Vincent Forlenza said in prepared remarks. “We have strong momentum as we execute on the integration of Bard, and we are on track to deliver on all of our commitments. Together, BD and Bard will create even more impactful healthcare solutions for our customers and their patients around the world.”
BDX shares were trading at $229.30 apiece today in morning activity, down -0.4%.
At DeviceTalks Boston, Tyler Shultz will give attendees an inside look at Theranos and how he was able to sound the alarm after he realized the company was falling apart. Shultz will take attendees behind the story that everyone is talking about: the rise and fall of Elizabeth Holmes and her diagnostic company, Theranos.
Join Shultz and 1,000+ medical device professionals at the 8th annual DeviceTalks Boston.