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BD Revenues Increase 8 Percent, but Profit Falls on $115M Clontech Charge

NEW YORK, Nov. 4 (GenomeWeb News) - Becton Dickinson today reported that total revenues increased 8 percent in the third quarter to $1.3 billion from $1.2 billion year over year.

 

Sales at BD's Biosciences unit were flat at $89 million.

 

BD spent $59 million on research and development in the quarter, up 12 percent from $52 million for the same quarter in 2003.

 

Net income receded to $67 million for the period from $161 million in the year-ago quarter. The decline reflected a $116 million charge relating to BD's plans to sell its Clontech unit.

BD did not disclose its cash position.

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