Good Quarter at Becton Dickinson

Earnings and guidance beat targets.
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Becton Dickinson (BDX) - Get Report beat fourth-quarter targets and guided higher for fiscal 2007.

The Franklin Lakes, N.J., medical technology shop made $175 million, or 69 cents a share, for the fourth quarter ended Sept. 30, up from the year-ago $122 million, or 47 cents a share. Excluding certain items, earnings rose to 85 cents a share from 76 cents a year earlier.

Revenue rose to $1.49 billion from $1.38 billion a year ago.

Analysts surveyed by Thomson Financial were looking for an 84-cent profit on sales of $1.48 billion.

"We are proud of our accomplishments during 2006 and enthusiastic about our outlook for 2007," said CEO Edward J. Ludwig. "Our revenue and earnings growth exceeded our expectations and give us continuing confidence that our strategy is sound and our implementation is disciplined. We remain committed to serving our customers with products that make a difference in healthcare, and we will continue to work diligently to deliver value to our shareholders."

The company said it expects to make $3.69 to $3.75 a share for the new year, up from $3.28 this year and ahead of the $3.62 Thomson target.