Newspaper article The Record (Bergen County, NJ)

Becton Shares Rise on Earnings Report

Newspaper article The Record (Bergen County, NJ)

Becton Shares Rise on Earnings Report

Article excerpt

FRANKLIN LAKES -- Medical technology company Becton, Dickinson and Co. said Thursday that fiscal first-quarter net income declined 13 percent to $236 million, or $1.22 a share, from $271 million, or $1.37, from the same period a year ago. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $1.53 a share, topping Wall Street expectations of $1.42.

First-quarter revenue for the period ended Dec. 31 increased 1.8 percent to $2.05 billion from $2.01 billion in the same period last year, also beating Wall Street estimates of $2 billion.

The company raised its guidance for 2015 and shares rose. BD stock gained $5.37, or 3.8 percent, to $145.29 Thursday in New York Stock Exchange trading.

In the BD medical segment, global revenue rose 0.8 percent to $1.072 billion during the quarter, because of strong sales in the medical surgical systems unit. Global revenue for BD's life sciences segment increased by 3 percent to $979 million, driven by higher sales across all units. …

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