FRANKLIN LAKES, N.J. (AP) _ Becton Dickinson and Co. (BDX) on Thursday reported fiscal third-quarter net income of $594 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Franklin Lakes, New Jersey-based company said it had net income of $2.03. Earnings, adjusted for non-recurring costs and restructuring costs, came to $2.91 per share.

The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.85 per share.

The medical device manufacturer posted revenue of $4.28 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $4.24 billion.

Becton Dickinson expects full-year earnings in the range of $10.95 to $11.05 per share.

Becton Dickinson shares have risen 17 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5 percent. The stock has increased 24 percent in the last 12 months.


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