Becton Dickinson: Overview of Fiscal First Quarter Earnings

Becton Dickinson Reports Strong First-Quarter Results

Becton Dickinson and Company, headquartered in Franklin Lakes, New Jersey, announced a net income of $382 million for its fiscal first quarter.

The company achieved earnings of $1.34 per share, while adjusted earnings—excluding certain items—reached $2.91 per share.

These results surpassed analysts’ expectations, as the consensus among seven Zacks Investment Research analysts had predicted earnings of $2.82 per share.

Revenue for the quarter totaled $5.25 billion, outperforming the average forecast of $5.15 billion from six Zacks analysts.

Looking ahead, Becton Dickinson anticipates full-year earnings to fall between $12.35 and $12.65 per share.

Since the start of the year, the company’s stock has risen by 8%, outpacing the S&P 500’s gain of just over 1%. However, over the past year, Becton Dickinson shares have declined by nearly 9%.