HERCULES, Calif. (AP) — HERCULES, Calif. (AP) — Bio-Rad Laboratories Inc. (BIO) on Wednesday reported a third-quarter loss of $341.9 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Hercules, California-based company said it had a loss of $12.70. Earnings, adjusted for one-time gains and costs, came to $2.26 per share.
The maker of instruments used in biomedical research posted revenue of $653 million in the period.
Bio-Rad shares have declined nearly 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $319.47, a decrease of almost 4% in the last 12 months.
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