HERCULES, Calif. (AP) — HERCULES, Calif. (AP) — Bio-Rad Laboratories Inc. (BIO) on Thursday reported a fourth-quarter loss of $715.8 million, after reporting a profit in the same period a year earlier.
The Hercules, California-based company said it had a loss of $25.57 per share. Earnings, adjusted for one-time gains and costs, came to $2.90 per share.
The maker of instruments used in biomedical research posted revenue of $667.5 million in the period.
For the year, the company reported that its loss widened to $1.84 billion, or $65.36 per share. Revenue was reported as $2.57 billion.
Bio-Rad shares have fallen nearly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $306.36, a decrease of 3% in the last 12 months.
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