WASHINGTON (dpa-AFX) - C. R. Bard, Inc. (BCR) reported fourth-quarter net income of $134.20 million or $1.72 per share, compared to $667.50 million or $8.28 per share, prior year. Adjusted earnings per share was $2.29, for the quarter.
On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $2.24 for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $867.20 million from $791.30 million last year. Analysts expected revenue of $855.02 million for the quarter.
Timothy Ring, CEO, said: 'Two years ago we announced a strategic investment plan with the objective to shift the mix of the portfolio to faster growth through investments in emerging markets and new product development. We said at the time that we expected the early returns from those investments to begin in the back half of 2014. We are pleased with the performance of our investment plan so far, as we delivered accelerating organic revenue growth throughout 2014. We remain focused on executing our plan with the objective of improving the long-term growth profile of the company in a profitable manner that adds value for shareholders.'
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