Bio-Rad Labs Earnings: Here’s Why Investors Like These Results

Bio-Rad Laboratories, Inc. (NYSE:BIO) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.02%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Bio-Rad Laboratories, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 37.61% to $0.68 in the quarter versus EPS of $1.09 in the year-earlier quarter.

Revenue: Rose 2.76% to $499.7 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bio-Rad Laboratories, Inc. reported adjusted EPS income of $0.68 per share. By that measure, the company missed the mean analyst estimate of $1.06. It missed the average revenue estimate of $506.34 million.

Quoting Management: “We continued to see softness in the research markets, impacting our results in the first quarter,” said Norman Schwartz, Bio-Rad President and Chief Executive Officer. “This softness, together with a number of operational factors, affected our profitability. While first-quarter sales growth was slow, our outlook for the remainder of the year is cautiously optimistic.”

Key Stats (on next page)…

Revenue decreased 12.92% from $573.84 million in the previous quarter. EPS decreased 58.79% from $1.65 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.47 to a profit $1.35. For the current year, the average estimate has moved up from a profit of $5.46 to a profit of $5.52 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]