UPDATE: Becton Dickinson FQ3 Profit Beats Estimates

Becton Dickinson & Co

reported upbeat fiscal third-quarter earnings. Becton Dickinson's quarterly profit fell to $301.6 million, or $1.52 per share, from $326.9 million, or $1.59 per share, in the year-ago period. Becton Dickinson's earnings from continuing operations declined to $1.47 from $1.52 per share, while its adjusted earnings from continuing operations came in at $1.54 per share. Its revenue rose 3.6% to $2.05 billion. However, analysts were expecting earnings of $1.48 per share on revenue of $2.05 billion. Its operating costs and expenses increased 7.6% to $1.65 billion. Becton Dickinson shares closed at $103.72 yesterday.