Becton Dickinson 1Q Profit, Sales Slip
February 02 2023 - 07:14AM
Dow Jones News
By Dean Seal
Becton Dickinson & Co.'s top and bottom lines declined in
its fiscal first quarter, but the company delivered stronger
adjusted earnings and revenue than analysts had expected.
The medical-technology company posted a profit of $509 million,
or $1.70 a share, compared with $677 million, or $2.28 a share, in
the same quarter a year ago.
Stripping out one-time items, adjusted earnings were $2.98 a
share. Analysts polled by FactSet had been expecting $2.68 a
share.
Revenue came in at $4.59 billion, down from $4.72 billion last
year but above analyst expectations of $4.53 billion, according to
FactSet.
Stripping out revenue from Covid-19 diagnostic testing, total
revenue was up slightly, and 5.2% higher on a currency-neutral
basis.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
February 02, 2023 06:59 ET (11:59 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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