HERCULES, Calif. (AP) — HERCULES, Calif. (AP) — Bio-Rad Laboratories Inc. (BIO.B) on Thursday reported first-quarter net income of $69 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Hercules, California-based company said it had profit of $2.32. Earnings, adjusted for non-recurring costs, were $3.34 per share.
The maker of instruments used in biomedical research posted revenue of $676.8 million in the period.
Bio-Rad shares have climbed 16% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $467.95, a fall of 18% in the last 12 months.
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