FRANKLIN LAKES, N.J. (AP) _ Becton Dickinson and Co. (BDX) on Tuesday reported fiscal fourth-quarter net income of $150 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Franklin Lakes, New Jersey-based company said it had profit of 41 cents. Earnings, adjusted for one-time gains and costs, came to $3.31 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.30 per share.
The medical device manufacturer posted revenue of $4.58 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $4.57 billion.
For the year, the company reported profit of $1.22 billion, or $3.89 per share. Revenue was reported as $17.29 billion.
Becton Dickinson expects full-year earnings in the range of $12.50 to $12.65 per share.
Becton Dickinson shares have increased 16% since the beginning of the year, while the Standard & Poor's 500 index has risen 23%. The stock has risen 11% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BDX at https://www.zacks.com/ap/BDX
Automated Insights, source Associated Press News