Yahoo Finance Bio-Rad Laboratories First Quarter 2023 Earnings: EPS: US$2.33 (vs US$112 loss in 1Q 2022)
Bio-Rad Laboratories (NYSE:BIO) First Quarter 2023 Results
Key Financial Results
Revenue: US$676.8m (down 3.3% from 1Q 2022).
Net income: US$69.0m (up from US$3.37b loss in 1Q 2022).
Profit margin: 10% (up from net loss in 1Q 2022).
EPS: US$2.33 (up from US$112 loss in 1Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bio-Rad Laboratories Earnings Insights
Looking ahead, revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Life Sciences industry in the US.
Performance of the American Life Sciences industry.
The company's shares are down 21% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Bio-Rad Laboratories that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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