Teva Pharmaceutical Industries (NYSE:TEVA) reported a decline in third quarter earnings today.
Profits fell to $916 million, or $1.03 per share, from $1.05 billion, or $1.15 per share, in last year's third quarter.
Adjusted earnings of $1.25 per share were ahead of analyst expectations.
Net sales rose 2%, to $4.34 billion, shy of expectations.
Teva is looking for a stronger fourth quarter, which will include the launch of a generic version of Eli Lilly's (NYSE:LLY) schizophrenia drug Zyprexa.
Also today, medical technology company Becton Dickinson (NYSE:BDX) reported fiscal fourth quarter earnings of $300 million, or $1.36 per share, compared to $396.7 million, or $1.68 per share, in last year's fourth quarter.
Adjusted earnings of $1.39 per share fell short of analyst forecasts, while a 9.5% increase in revenue, to $2.05 billion, met expectations.
Becton Dickinson said it expects earnings of $5.75 to $5.85 per share in the 2012 fiscal year. It also plans to buyback $1.5 billion in common stock throughout the year.
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