Becton Dickinson Swings to Profit
February 05 2019 - 6:52AM
Dow Jones News
By Kimberly Chin
Becton, Dickinson and Co. (BDX) swung to a profit in the first
fiscal quarter compared with a year ago as sales were lifted
primarily due to its acquisition of C.R. Bard.
The medical technology company's net income was $599 million, or
$2.05 a share, compared with a loss of $136 million, or 76 cents a
share a year ago. Analysts polled by Refinitiv were expecting
earnings of $1.41 a share.
On an adjusted basis, the company reported per-share earnings of
$2.70, compared with consensus estimates of $2.61.
Revenue rose 35% to $4.16 billion from a year earlier. Analysts
expected $4.11 billion.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
February 05, 2019 06:37 ET (11:37 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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