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.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.