UPDATE: C.R. Bard Q4 Profit Rises 13%

C.R. Bard

reported a 13% rise in its fourth-quarter net income. Bard's quarterly earnings after preferred dividend surged to $126 million, or $1.52 per share, versus a year-ago profit of $111.8 million, or $1.30 per share. Excluding one-time items, Bard earned $1.70 per share. Its revenue rose to $762.6 million from $751.9 million. However, analysts were expecting earnings of $1.67 per share on revenue of $757.1 million. Bard shares fell 0.16% to close at $102.07 yesterday.