WASHINGTON (dpa-AFX) - (Adds Outlook)
Becton, Dickinson and Company (BDX) reported a profit for third quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $338 million, or $1.18 per share. This compares with $502 million, or $1.72 per share, in last year's third quarter.
Excluding items, Becton, Dickinson and Company reported adjusted earnings of $2.66 per share for the period.
Analysts on average had expected the company to earn $2.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.7% to $4.64 billion from $4.61 billion last year.
Outlook:
Becton, Dickinson and Company (BDX) increased its full-year adjusted earnings outlook to $11.28-$11.35 a share from $11.15- $11.30 provided earlier, citing strong base business performance.
The company also narrowed its revenue guidance for the full year to about $18.75 billion- $18.83 billion versus its previous view of $18.5 billion - $18.7 billion.
Analysts on average expect the company to report earnings of $11.24 a share on revenue of $18.63 billion for 2022.
Becton, Dickinson and Company earnings at a glance (GAAP) :
-Earnings (Q3): $338 Mln. vs. $502 Mln. last year. -EPS (Q3): $1.18 vs. $1.72 last year. -Analyst Estimates: $2.50 -Revenue (Q3): $4.64 Bln vs. $4.61 Bln last year.
-Guidance: Full year EPS guidance: $11.28 - $11.35 Full year revenue guidance: $18.75 - $18.83 Bln
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