HERCULES, Calif. (AP) — HERCULES, Calif. (AP) — Bio-Rad Laboratories Inc. (BIO.B) on Thursday reported second-quarter net income of $317.8 million, after reporting a loss in the same period a year earlier.
The Hercules, California-based company said it had net income of $11.67 per share. Earnings, adjusted for non-recurring gains, came to $2.61 per share.
The maker of instruments used in biomedical research posted revenue of $651.6 million in the period.
Bio-Rad shares have decreased 24% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $247.05, a decline of 24% in the last 12 months.
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