Beckman’s Third-Quarter Sales, Profit Show Gains
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FULLERTON — Beckman Instruments Inc. posted higher profit and sales for the third quarter.
The company, which designs and makes laboratory instruments, reported Monday that net income rose 4% to $19.4 million, or 68 cents a share, from $18.7 million, or 65 cents a share, a year ago. The company said the 1997 third-quarter results included expenses associated with the acquisition of a product line completed late in the second quarter. Sales were up 7% to $271.6 million from $252.8 million.
Year-to-date net income totaled $55.8 million, or $1.94 a share, 9% higher than the $51.4 million, or $1.77 a share, posted for the first three quarters of 1996. Sales rose 4% to $774.1 million from $742.8 million.
The stock rose $1.31 a share, closing at $44.06 Monday on the New York Stock Exchange.
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