CR Bard Earns $1.61 Per Share for Q1

We’ve had more good earnings news for our Buy List. This time, it came from CR Bard ($BCR). The company had told us to expect Q1 earnings to range between $1.53 and $1.57 per share. As it turns out, they netted $1.61 per share which was four cents more than Wall Street’s consensus.

Sales came in at $730 million which is a 4% increase over last year. Interestingly, sales outside the U.S. were up by 10% while inside the U.S. they were up by just 2%.

Bard’s CEO said, “The results this quarter reflect a good start to the year. While we haven’t seen much change in the U.S. environment, our increased focus and investments in international markets have provided rapid returns and strengthened our growth profile. We remain focused on daily execution of our product leadership strategy to take advantage of current opportunities while positioning ourselves for stronger growth in the future.”

The stock has tried to break $100 per share in the past month but hasn’t been able to. Perhaps today’s earnings report will be the catalyst. This is an excellent stock. I rate it a buy anytime the price is below $102 per share.

Posted by on April 24th, 2012 at 6:16 pm


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