C. R. Bard Posts Q2 Loss On Charges - Quick Facts

(RTTNews) - C. R. Bard Inc. (BCR) reported a second-quarter net loss of $161.6 million or $2.03 per share, reflecting a net charge for estimated costs related to product liability matters. Net income in the second quarter of prior year was $133.9 million or $1.54 per share.

Adjusted net income was $117.2 million or $1.42 per share for the second quarter of 2013.

Second quarter 2013 net sales were $759.9 million, an increase of 2 percent over the prior-year period on a reported basis. Excluding the impact of foreign exchange, second quarter 2013 net sales increased 3 percent over the prior-year period. On average, 20 analysts polled by Thomson Reuters expected the company to report profit of $1.38 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $750.08 million for the quarter.