HERCULES, Calif. (AP) _ Bio-Rad Laboratories Inc. (BIO.B) on Thursday reported fourth-quarter net income of $553.5 million, after reporting a loss in the same period a year earlier.
The Hercules, California-based company said it had net income of $18.31 per share. Earnings, adjusted for one-time gains and costs, were $2.32 per share.
The maker of instruments used in biomedical research posted revenue of $624.4 million in the period.
For the year, the company reported profit of $1.76 billion, or $58.27 per share. Revenue was reported as $2.31 billion.
Bio-Rad shares have climbed roughly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $379.45, a climb of 47% in the last 12 months.