Bio-Rad: Q2 Earnings Snapshot
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Audio By Carbonatix
1:25 PM on Thursday, August 1, 2024
The Associated Press
HERCULES, Calif. (AP) — HERCULES, Calif. (AP) — Bio-Rad Laboratories Inc. (BIO.B) on Thursday reported a loss of $2.17 billion in its second quarter.
The Hercules, California-based company said it had a loss of $76.26 per share. Earnings, adjusted for non-recurring costs, were $3.11 per share.
The maker of instruments used in biomedical research posted revenue of $638.5 million in the period.
Bio-Rad shares have declined 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $294.23, a drop of 21% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BIO.B at https://www.zacks.com/ap/BIO.B