Becton, Dickinson Stock Tumbles 16% After Earnings Decline

(RTTNews) - Becton, Dickinson and Company (BDX) shares plunged 16.28 percent to $173.37 during Thursday's trading, on the New York Stock Exchange after the company reported second-quarter net income of $308 million, down from $537 million a year earlier.

The stock opened at $187.83 and has traded between $174.12 and $187.78 so far today. It previously closed at $207.09 and hit a 52-week low of $174.12 during the session. Volume reached 6.73 million shares, well above the average of 2.21 million.

Revenues rose to $5.27 billion from $5.05 billion, but the earnings decline disappointed investors.