Becton, Dickinson and Co Reports Mixed Fiscal Q3

Becton, Dickinson and Company on Thursday reported fiscal Q3 adjusted earnings of $2.46 per share, up from $2.35 in the prior-year quarter, exceeding analysts’ expectation of $2.44 in a Capital IQ poll. Revenues in the quarter ended June 30 slipped to $3.04 billion from $3.20 billion, missing the $3.06 billion estimate.

The company said it is raising its fiscal year 2017 adjusted EPS to be between $9.42 and $9.47 from the previous guidance of $9.35 to $9.45 and compared to the $9.46 consensus. The company now expects revenues to decrease 3.0% to 3.5% from the previous guidance of a 3.5% to 4.0% decrease. Analysts are expecting FY revenues of $12.06 billion for the year, down 3.5% from 2016.

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