FRANKLIN LAKES, N.J. (AP) — FRANKLIN LAKES, N.J. (AP) — Becton Dickinson and Co. (BDX) on Thursday reported fiscal second-quarter earnings of $308 million.
The Franklin Lakes, New Jersey-based company said it had profit of $1.07 per share. Earnings, adjusted for one-time gains and costs, were $3.35 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.28 per share.
The medical device manufacturer posted revenue of $5.27 billion in the period, which missed Street forecasts. Eight analysts surveyed by Zacks expected $5.37 billion.
Becton Dickinson expects full-year earnings in the range of $14.06 to $14.34 per share, with revenue in the range of $21.8 billion to $21.9 billion.
Becton Dickinson shares have decreased nearly 9% since the beginning of the year, while the S&P’s 500 index has declined slightly more than 5%. The stock has dropped 12% in the last 12 months.
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