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BMET: Biomet Earnings Rise

Biomet

(BMET)

early this morning said it had first quarter earnings of 27 cents a share, in line with the 16-analyst estimate and up from year-ago earnings of 23 cents a share.

The company, which makes and sells reconstructive devices to stimulate bone growth, attributed its 18% increase in earnings to growth in its product lines.

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The stock closed yesterday at $31.13, down $1.50.