Bio-Rad Labs Q4 Loss Widens Amid Challenging Market Conditions
HERCULES, Calif. (AP) - Bio-Rad Laboratories Inc. (BIO) posted a fourth-quarter loss of $715.8 million, reversing a profit in the same period a year ago. The company's loss per share stood at $25.57, and adjusted earnings reached $2.90 per share.
Revenue for the quarter totaled $667.5 million, while Bio-Rad's stock has declined approximately 7% year-to-date. In late trading on Thursday, shares fell 3% over the past year to close at $306.36.