Beckman Coulter Inc. (BEC) reported that its third-quarter net earnings were $1.5 million or $0.02 per share, compared to $24.1 million or $0.37 per share in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share for the quarter. Analysts' estimates typically exclude special items.
Adjusting for special items, related primarily to restructuring charges and acquisition costs, net earnings were $59.2 million, or $0.85 per share, up from $48.0 million or $0.75 per share in the year ago quarter.
Total revenues for the quarter were $822.8 million, compared to $758.8 million in the prior year quarter. Eleven analysts had consensus revenue estimate of $819.14 million for the quarter.
For fiscal 2009, the company expects its total revenue to be roughly flat, or up 0% to 2% in constant currency. Recurring revenue is still expected to grow in the range of 6% to 7% for the year on a constant currency basis, which is supported by the 6.8% actual growth rate we've seen through nine months. Earlier, on a constant currency basis, Beckman Coulter expected 2009 full year revenue growth to be 4% - 6%, driven by recurring revenue growth estimated in the 6% - 7% range.
The company has tightened and raised its stand-alone Beckman Coulter EPS range and now expect it to come in between $3.85 and $3.95 per share.
Analysts expect the company to report earnings of $3.91 per share on revenues of $3.22 billion for fiscal 2009.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.