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BD Reports 11-Percent Q2 Revenue Increase, 75-Percent Jump in Earnings

NEW YORK, July 22 (GenomeWeb News) - Becton Dickinson today reported a jump in revenues and income for the second quarter of 2005.

 

Revenues for the quarter were $1.38 billion, up 11 percent from $1.24 billion during the same period last year. BD Biosciences contributed $200 million to this, an 8-percent increase over the year-ago period. Research instrument and reagent growth contributed primarily to this growth, as well as discovery labware products. BD Biosciences' results do not include Clontech, which has been classified as a "discontinued operation." On July 1, BD said it will sell Clontech to Takara Bio of Japan.

 

Research and development costs increased to $67 million, from $58.5 million during the year-ago period.

 

BD's net income increased to $189.7 million, or $.73 per share, up almost 75 percent from $109.4 million, or $.41 per share, during last year's second quarter. Last year's results included a $100 million charge related to a litigation settlement with an undisclosed party in July 2004. BD said this charge reduced its prior-year net income by $63 million and EPS by $.24.

 

BD did not state its assets in its earnings report.

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