Becton Dickinson (BDX -3.6%) drifts lower after posting a lackluster FQ1 earnings report. Net...

|By:, SA News Editor

Becton Dickinson (BDX -3.6%) drifts lower after posting a lackluster FQ1 earnings report. Net profit fell 17% Y/Y on higher raw materials costs and expenses from recent acquisitions. The company also lowers its FY12 earnings forecast on flat revenue, reflecting the impact of a strengthening U.S. dollar. It now expects to earn between $5.60 - $5.70, below the Street view of $5.80.