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Home » BD lowers 2020 guidance, stock drops 13% on news of Alaris regulatory holdup
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BD lowers 2020 guidance, stock drops 13% on news of Alaris regulatory holdup

Feb. 6, 2020
By Meg Bryant
Becton, Dickinson and Co. (BD) (NYSE:BDX) reported revenue of $4.23 billion for the first quarter of fiscal year 2020, ended Dec. 31, up 1.6% from the same period a year ago. Revenue grew 2.5% on a currency-neutral basis. However, an unexpected regulatory hurdle for its Alaris infusion pumps caused the Franklin Lakes, N.J.-based company to lower its 2020 revenue and earnings guidance. Despite the shadow cast by the Alaris news, BD beat Street expectations for the quarter – clocking in at $4.23 billion vs. $4.18 billion.
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