Thursday, February 24, 2011

Bio-Rad Labs earns $68M in Q4, $185M for year

Bio-Rad Laboratories Inc. earned $67.9 million in the fourth quarter, up from a profit of $37.9 million a year earlier in the December quarter.
An “extraordinary” $10.7 million tax benefit in the fourth quarter helped push up earnings. Bio-Rad benefitted from repatriation of foreign earnings and an extension of a U.S. tax credit. Otherwise its fourth quarter tax rate would have been 25 percent.

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