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BD Biosciences Revenue Grows 10 Percent in Fiscal Q1 on Strong Reagent, Instrument Sales

This update serves to clarfy the fact that fourth-quarter profit increased 11.5 percent, not 40 percent as originally reported.

 

NEW YORK, Jan. 26 (GenomeWeb News) - Becton Dickinson today said that fiscal first-quarter revenue for its Biosciences division grew more than 10 percent while overall receipts at the life sciences company increased 10 percent as well.

 

Total receipts for the Biosciences unit during the three months ended Dec. 31, 2005, increased to $199.5 million from $180.8 million year over year. Around $85 million of that was from sales in the United States, representing a 12.7-percent increase in sales to that country. The remainder, or approximately $114 million, was in international sales, which represented an 8.7-percent increase in sales.

 

BD attributed the growth to strong sales of reagents and research instruments, particularly research analyzers and sorters.

 

BD said company-wide fiscal first-quarter revenue increased 10 percent to $1.4 billion, though "unfavorable" foreign-currency translations cost the firm 1 percent in lost growth.

 

Spending on R&D increased 11.7 percent in the quarter, jumping to $69.3 million from $62 million year over year, BD said.

 

The company said profits increased 11.5 percent to $217.9 million, or $.88 per basic share, from $195.4 million, or $.78 per basic share, during the same period last year.

 

BD did not break out its balance sheet for the quarter.

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