C.R. Bard Inc (BCR) reported Q2 EPS of $1.42 and revenue of $759.9 million, surpassing not only analyst preditions, but the company’s own guidance.
CEO Timothy M Ring commented “Our operating results this quarter exceeded our expectations,” with EPS 4 cents above analyst expectations and revenue more than $9 million above estimates.
However, C.R. Bard did report a loss for net income, coming in at ($161.6 million), compared to last year’s Q2 net income of $133.9 million.
C.R. Bard shares were down 27 cents, or 0.24%, at the Tuesday close. The stock is up 11.6% YTD.
The Bottom Line
Shares of C.R. Bard Inc (BCR) have a 0.74% yield based on Tuesday’s closing price of $113.38. The annual payout is 84 cents per share and the stock is just 1% below its 52 week high.
C.R. Bard Inc (BCR) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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