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Bio-Rad: 3Q Earnings Snapshot

HERCULES, Calif. (AP) _ Bio-Rad Laboratories Inc. (BIO) on Thursday reported third-quarter earnings of $269.3 million.

The Hercules, California-based company said it had profit of $8.89 per share. Earnings, adjusted for one-time gains and costs, came to 91 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.

The maker of instruments used in biomedical research posted revenue of $545.1 million in the period.

Bio-Rad shares have climbed 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $275.32, a rise of 26 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIO at https://www.zacks.com/ap/BIO