By Michael Tobin

 

Becton, Dickinson and Co. (BDX) posted third-quarter results Tuesday that beat analysts' adjusted earnings expectations, but slightly missed their expectations for revenue.

The medical device manufacturer and provisor reported third quarter earnings of $1.51 a share, compared with $2.03 a share at this time last year. Analysts polled by FactSet estimated earnings of $1.80 a share.

On an adjusted basis, the company reported third quarter earnings of $3.08 a share, compared with $2.91 a year prior. Analysts were looking for adjusted earnings of $3.05 a share.

The company reported $4.35 billion in revenue, up from $4.28 billion a year prior. Analysts expected $4.36 billion in revenue.

The company reaffirmed its full-year guidance and said it expects revenue to increase by 8% to 9%. Becton guided full year adjusted earnings between $11.65 and $11.75 a share.

 

Write to Michael Tobin at michael.tobin@wsj.com

 

(END) Dow Jones Newswires

August 06, 2019 06:42 ET (10:42 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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