Bio-Rad: Q2 Earnings Snapshot

July 28, 2022 GMT

HERCULES, Calif. (AP) _ Bio-Rad Laboratories Inc. (BIO) on Thursday reported a second-quarter loss of $927.2 million, after reporting a profit in the same period a year earlier.

The Hercules, California-based company said it had a loss of $31.12 per share. Earnings, adjusted for non-recurring costs, were $3.38 per share.

The maker of instruments used in biomedical research posted revenue of $691.1 million in the period.

Bio-Rad shares have dropped 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $559.86, a decline of 21% in the last 12 months.


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