Becton Dickinson Exceeds Q1 Earnings Expectations
FRANKLIN LAKES, N.J. (AP) – Becton Dickinson and Co. (BDX) reported first-quarter earnings of $303 million, or $1.04 per share on Wednesday. Adjusted for one-time events, earnings were $3.43 per share, surpassing Wall Street estimates of $2.98 per share.
The medical device manufacturer also beat revenue expectations, posting $5.17 billion compared to the $5.1 billion forecasted by analysts.
Becton Dickinson anticipates full-year earnings of $14.30 to $14.60 per share and revenue of $21.7 billion to $21.9 billion.
BDX shares have risen 8% year-to-date, outperforming the S&P 500 index which has gained 27% over the same period. As of Wednesday's closing, the stock was trading at $245.06, representing a 4% increase over the past 12 months.