UPDATE: Becton Dickinson Reports Upbeat Q1 Results, Lowers Full-Year Forecast

Becton Dickinson & Co

reported upbeat first-quarter results, but cut its full-year profit outlook. Becton Dickinson's quarterly income from continuing operations dropped to $263.0 million, or $1.21 per share, from $315.9 million, or $1.35 per share, in the year-ago period. However, analysts were expecting earnings of $1.17 per share. Its revenue climbed 3% to $1.89 billion, versus analysts' estimates of $1.88 billion. Becton Dickinson cut its full-year profit outlook from continuing operations to $5.60 to $5.70 per share, versus its earlier forecast of $5.75 to $5.85 per share. Becton Dickinson shares dropped 3.76% to $77.50 in pre-market trading.