Becton Dickinson: Fiscal 3Q Earnings Snapshot
FRANKLIN LAKES, N.J. (AP) _ Becton Dickinson and Co. (BDX) on Tuesday reported fiscal third-quarter earnings of $451 million.
On a per-share basis, the Franklin Lakes, New Jersey-based company said it had net income of $1.51. Earnings, adjusted for one-time gains and costs, were $3.08 per share.
The results surpassed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $3.05 per share.
The medical device manufacturer posted revenue of $4.35 billion in the period, which met Street forecasts.
Becton Dickinson expects full-year earnings in the range of $11.65 to $11.75 per share.
Becton Dickinson shares have risen almost 5% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 13%. The stock has declined slightly more than 4% in the last 12 months.