C. R. Bard Q1 Profit Rises - Quick Facts

(RTTNews) - C. R. Bard, Inc. (BCR) reported that its first-quarter net income increased to $148.40 million or $1.86 per share, from $90.70 million or $1.08 per share, previous year. Adjusted earnings was $134.9 million, or $1.91 per share, for the quarter.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $1.84 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $799.30 million from $740.30 million. Analysts expected revenue of $787.10 million for the quarter.

Timothy Ring, CEO of C. R. Bard, said: "The financial results in the first quarter reflect a positive start to the year, as we exceeded our expectations for both sales and earnings per share. The organization is focused on executing our strategic investment plan with the objective of improving the long-term growth profile of the business."