Becton Dickinson: Fiscal 1Q Earnings Snapshot
FRANKLIN LAKES, N.J. (AP) _ Becton Dickinson and Co. (BDX) on Thursday reported fiscal first-quarter net income of $278 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 profit of 87 cents. Earnings, adjusted for non-recurring costs and restructuring costs, came to $2.65 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.
The medical device manufacturer posted revenue of $4.22 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $4.17 billion.
Becton Dickinson expects full-year earnings in the range of $11.90 to $12.10 per share.
Becton Dickinson shares have climbed 5% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 3%. The stock has increased 18% in the last 12 months.