Will Life Sciences Sales Boost Bio-Rad's (BIO) Q1 Earnings?
Zacks Investment Research | May 06, 2019 10:38PM ET
Bio-Rad Laboratories, Inc. (NYSE:BIO) is scheduled to report first-quarter 2019 results, after the market closes on May 8.
In the last reported quarter, the company’s earnings per share surpassed the Zacks Consensus Estimate by 32.3%. It delivered positive surprises in three of the trailing four quarters, the average beat being 15.56%.
Let’s take a look at how things are shaping up prior to this announcement.
Factors at Play
Of late, the company is registering a strong top-line performance on balanced growth across all geographies within the Americas and the Asia-Pacific region.
Under the Life Sciences segment, solid investment across several geographies combined with the launch of innovative products and technologies is leading to robust growth. Particularly, Bio-Rad is witnessing consistent strong demand for its Cell Biology, Western Blot, Digital PCR (polymerase chain reaction) products, gene expression and antibody products. These should once again boost the company’s performance within this space in the quarter under review.
Bio-Rad Laboratories, Inc. Price and EPS Surprise
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