Becton Dickinson: Fiscal Q2 Earnings Snapshot
FRANKLIN LAKES, N.J. (AP) _ Becton Dickinson and Co. (BDX) on Thursday reported fiscal second-quarter profit of $454 million.
The Franklin Lakes, New Jersey-based company said it had profit of $1.50 per share. Earnings, adjusted for one-time gains and costs, came to $3.18 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.98 per share.
The medical device manufacturer posted revenue of $5.01 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $4.86 billion.
Becton Dickinson expects full-year earnings in the range of $11.15 to $11.30 per share.
Becton Dickinson shares have risen nearly 1% since the beginning of the year, while the S&P’s 500 index has fallen roughly 10%. The stock has climbed almost 1% in the last 12 months.