MURRAY HILL, N.J. (AP) -- Medical device maker C.R. Bard Inc. said Tuesday that its profit rose 5 percent in the first quarter on higher sales in most of its businesses.
Bard said its profit grew to $138.7 million, or $1.60 per share, from $131.9 million, or $1.49 per share, in the year-ago quarter. It reported income of $1.61 per share excluding one-time costs. Revenue increased 4 percent, to $730 million from $700.3 million.
Analysts expected profit of $1.57 per share and revenue of $733.2 million, according to FactSet.
Bard said sales of vascular products rose 5 percent to $209.2 million, while urology product revenue grew 3 percent to $185.1 million and cancer treatment revenue rose 7 percent to $198.9 million. Sales of surgical specialty products edged down to $114.7 million from $114.9 million.
Shares of C. R. Bard rose 15 cents to close at $97.98.
