HERCULES, Calif. (AP) — HERCULES, Calif. (AP) — Bio-Rad Laboratories Inc. (BIO) on Thursday reported fourth-quarter net income of $349.7 million.
The Hercules, California-based company said it had net income of $12.14 per share. Earnings, adjusted for one-time gains and costs, were $3.10 per share.
The maker of instruments used in biomedical research posted revenue of $681.2 million in the period.
For the year, the company reported that its loss narrowed to $637.3 million, or $21.82 per share. Revenue was reported as $2.67 billion.
Bio-Rad shares have increased roughly 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $328.73, a drop of 29% 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 at https://www.zacks.com/ap/BIO