UPDATE: Becton Dickinson Posts Drop In FQ3 Earnings, Lowers Full-Year Forecast
Becton Dickinson & Co (NYSE: BDX) reported a 4.7% drop in its fiscal third-quarter earnings.
Becton Dickinson lowered its full-year earnings forecast to $5.33 to $5.38 per share, versus its May view of $5.68 to $5.73 per share.
Becton Dickinson's quarterly profit fell to $326.9 million, from $343.1 million, in the year-ago period. Its per-share earnings rose to $1.59, from $1.53 as the number of shares outstanding declined 8.7%.
Its earnings from continuing operations were $1.52 per share. Revenue climbed 1.5% to $1.98 billion. However, analysts were expecting earnings of $1.53 per share on revenue of $2.02 billion.
Becton Dickinson's gross margin declined to 52.2% from 52.7%.
Becton Dickinson shares closed at $75.18 yesterday.
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