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China Biologic Products Inc. Q2 adjusted earnings Beat Estimates

China Biologic Products Inc. (CBPO) revealed earnings for its second quarter that increased from last year.

The company's earnings came in at $41.65 million, or $1.06 per share. This compares with $28.64 million, or $0.83 per share, in last year's second quarter.

Excluding items, China Biologic Products Inc. reported adjusted earnings of $56.69 million or $1.24 per share for the period.

Analysts had expected the company to earn $1.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.7% to $135.70 million from $120.38 million last year.

China Biologic Products Inc. earnings at a glance:

-Earnings (Q2): $56.69 Mln. vs. $49.17 Mln. last year.
-EPS (Q2): $1.24 vs. $1.17 last year.
-Analysts Estimate: $1.03
-Revenue (Q2): $135.70 Mln vs. $120.38 Mln last year.

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