Becton Dickinson: Fiscal 4Q Earnings Snapshot
FRANKLIN LAKES, N.J. (AP) _ Becton Dickinson and Co. (BDX) on Tuesday reported a fiscal fourth-quarter loss of $173 million, after reporting a profit in the same period a year earlier.
The Franklin Lakes, New Jersey-based company said it had a loss of 64 cents per share. Earnings, adjusted for non-recurring costs and pretax expenses, were $2.93 per share.
The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.92 per share.
The medical device manufacturer posted revenue of $4.4 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $4.36 billion.
For the year, the company reported profit of $159 million, or 60 cents per share. Revenue was reported as $15.98 billion.
Becton Dickinson expects full-year earnings in the range of $12.05 to $12.15 per share.
Becton Dickinson shares have increased 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 2 percent. The stock has increased almost 6 percent in the last 12 months.