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

C.R. Bard (NYSE: BCR) 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.

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