FRANKLIN LAKES, N.J. (AP) _ Becton Dickinson and Co. (BDX) on Thursday reported fiscal first-quarter net income of $509 million.
On a per-share basis, the Franklin Lakes, New Jersey-based company said it had net income of $1.70. Earnings, adjusted for non-recurring costs, were $2.98 per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.67 per share.
The medical device manufacturer posted revenue of $4.59 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $4.55 billion.
Becton Dickinson expects full-year earnings in the range of $12.07 to $12.32 per share, with revenue in the range of $19.1 million to $19.3 million.
Becton Dickinson shares have declined slightly since the beginning of the year, while the S&P's 500 index has increased slightly more than 7%. The stock has climbed slightly in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BDX">Zacks stock report on BDX at https://www.zacks.com/ap/BDX