BD - Becton Dickinson jumps on earnings
Becton Dickinson jumps on earnings
LOS ANGELES (MarketWatch) -- Shares of Becton, Dickinson & Co. jumped 9% at the close Thursday after the company reported first-quarter earnings that handily beat street estimates, thanks to increased efficiency.
BD said net income was $271.9 million, or 85 cents a share, for the period ended Dec. 31, compared with $195.4 million, or 75 cents a share, for the same period a year ago.
Sales for the Franklin Lakes, N.J.-based medical device maker were $1.4 billion vs. last year's $1.3 billion.
Excluding special items, Becton Dickinson said it had earnings of 83 cents a share during the quarter. Analysts polled by Thomson First Call expected the company to report earnings of 76 cents a share during the quarter.
That catapulted the company's shares more than 6% at the outset of trading Thursday and kept them higher throughout the morning. The stock continued to surge and ended higher by more than $5 a share.
LOS ANGELES (MarketWatch) -- Shares of Becton, Dickinson & Co. jumped 9% at the close Thursday after the company reported first-quarter earnings that handily beat street estimates, thanks to increased efficiency.
BD said net income was $271.9 million, or 85 cents a share, for the period ended Dec. 31, compared with $195.4 million, or 75 cents a share, for the same period a year ago.
Sales for the Franklin Lakes, N.J.-based medical device maker were $1.4 billion vs. last year's $1.3 billion.
Excluding special items, Becton Dickinson said it had earnings of 83 cents a share during the quarter. Analysts polled by Thomson First Call expected the company to report earnings of 76 cents a share during the quarter.
That catapulted the company's shares more than 6% at the outset of trading Thursday and kept them higher throughout the morning. The stock continued to surge and ended higher by more than $5 a share.
posted at 4:26 a.m.
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