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Bio-Rad Laboratories Inc. (NYSE:BIO) reported a fourth-quarter profit on Wednesday, as the life science research and clinical diagnostics products company posted stronger sales and decreased impairment costs.
Bio-Rad said it earned $37.9 million, or $1.35 per share. A year ago Bio-Rad posted a loss of $8.2 million, or 30 cents per share. Revenue increased 11 percent, to $495.1 million from $448 million, primarily due to more favorable foreign currency exchange rates.
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