BD Announces Results for Third Fisc...(eased by 20 percent over diluted earning...),Health

Date:7/24/2008

eased by 20 percent over diluted earnings per share from continuing operations, excluding the specified item, of 98 cents for the third fiscal quarter of 2007. For the nine-month periods, diluted earnings per share from continuing operations of $3.34 for fiscal 2008 increased by 17 percent over comparable fiscal 2007 diluted earnings per share from continuing operations of $2.86, which exclude the specified items.

(Table 1) Three Months Ended June 30, Nine Months Ended June 30,

FY2008 FY2007 % Change FY2008 FY2007 % Change

Diluted EPS

from

Continuing

Operations: $1.18 $0.95 24% $3.34 $2.38 40%

Specified Items:

In-Process

Research and

Development

Charge - 0.03 (1) - 0.48 (2)

Diluted EPS from

Continuing

Operations

Excluding

Specified

Items: $1.18 $0.98 20% $3.34 $2.86 17%

(1) Represents the effect on diluted earnings per share from continuing

operations of the in-process research and development ("IPR&D") charge

recorded in the third quarter of fiscal 2007 related to the Plasso

Technology acquisition.

(2) Represents the effect on diluted earnings per share from continuing

operations of the IPR&D charges recorded in the third and first

quarters of fiscal 2007 related to the Plasso and TriPath

acquisitions, respectively.

Segment Results

In the BD Medical segment, worldwide revenues for the quarter were $1.016 billion, representing an increase of 15 percent from the prior year period. Pharmaceutical Systems and Diabetes Care products led revenue growth in the segment. For the nine-month period ended June 30, 2008, the BD Medical segment reported 12 percent r
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SOURCE BD (Becton, Dickinson and Company) Copyright©2008 PR Newswire. All rights reserved

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