QX Continuum™ system

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Bio-Rad Laboratories Analysts Raise Their Forecasts After Better-Than-Expected Q2 Earnings
Benzinga· 2025-08-01 15:30
Financial Performance - Bio-Rad Laboratories reported quarterly earnings of $2.61 per share, exceeding the analyst consensus estimate of $1.76 per share [1] - The company achieved quarterly sales of $651.600 million, surpassing the analyst consensus estimate of $615.110 million [1] - Bio-Rad narrowed its FY2025 sales guidance from a range of $2.541 billion-$2.606 billion to $2.567 billion-$2.593 billion [1] Strategic Developments - Norman Schwartz, Bio-Rad's Chairman and CEO, highlighted the company's solid quarterly results achieved through focused execution and careful expense management [2] - The company completed the acquisition of Stilla Technologies, enhancing its Droplet Digital™ PCR offerings with the launch of the QX Continuum™ system and the QX700™ series of instruments [2] Market Reaction - Following the earnings announcement, Bio-Rad Laboratories shares increased by 19.5%, trading at $289.03 [2] Analyst Ratings - Wells Fargo analyst Brandon Couillard maintained an Equal-Weight rating on Bio-Rad and raised the price target from $245 to $265 [8] - RBC Capital analyst Conor McNamara maintained an Outperform rating and increased the price target from $387 to $409 [8]