BUZZ-Bio-Rad Laboratories down after Q4 sales miss

Reuters
02-15
BUZZ-Bio-Rad Laboratories down after Q4 sales miss

** Shares of California-based diagnostic firm Bio-Rad BIO.N down 8.25% at $281.10

** Co reports Q4 sales of $667.5 million, missing analysts' estimate of $679.3 million, according to data compiled by LSEG

** Expects 2025 revenue growth of about 1.5% to 3.5% and operating margin of ~13% to 13.5%

** The forecast is mixed, as core growth bracketed expectations, but margins disappointed - Jefferies

** Co says will lay off about 5% of its workforce as a part of its restructuring plan - filing

** Adds will incur between about $45 million and $50 million in costs

** It reported Q4. adj profit of $2.9 vs est. $2.87

** In the last 12 months, the stock has fallen ~15%

(Reporting by Siddhi Mahatole)

((Siddhiprabhanjan.mahatole@thomsonreuters.com))

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