Bio-Rad: Q2 Earnings Snapshot

HERCULES, Calif. (AP) — HERCULES, Calif. (AP) — Bio-Rad Laboratories Inc. (BIO.B) on Tuesday reported second-quarter profit of $371.4 million.

On a per-share basis, the Hercules, California-based company said it had net income of $13.85. Earnings, adjusted for non-recurring gains, were $2.62 per share.

The maker of instruments used in biomedical research posted revenue of $651 million in the period.

Bio-Rad shares have risen 8.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $337, an increase of 18% in the last 12 months.

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