CR Bard Reports Mixed Earnings (BCR)

CR Bard Inc. BCR reports Q3 earnings of $1.43 versus consensus of $1.40. CR Bard Inc. reports revenues of $678.4 million versus consensus of $686.77 million. Excluding the impact of foreign exchange, third quarter 2010 net sales increased 8 percent over the prior-year period. Timothy M. Ring, chairman and chief executive officer, commented, "We are pleased to report solid revenue growth again this quarter. With gross margin at a record level, we were able to deliver strong EPS performance while continuing to increase our investment in R&D. We remain focused on improving our growth profile through the execution of our expanded product development and acquisition strategy." Shares of BCR are bid lower in the after-hours.