Beckman Coulter's Profit Rises

Revenue for the third quarter is better than expected.
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Beckman Coulter

(BEC)

, a manufacturer of biomedical-testing instruments and supplies, said its third-quarter earnings rose more than 30% from the year-ago period.

The company earned $47.4 million, or 74 cents a share, in the quarter, compared with $36.2 million, or 56 cents a share, a year ago. Adjusted for items, earnings were 66 cents a share in the most recent quarter, in line with analysts' estimation.

Third-quarter revenue rose 6.4% from a year ago to $631.2 million. Analysts surveyed by Thomson First Call were expecting revenue of $622.2 million. Revenue from worldwide consumables rose 13.7% in the most recent quarter.

Beckman expects to earn $2.75 a share to $2.95 a share, excluding special items, for the year. On average, analysts are looking for $2.83 a share.

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