Bio-Reference Labs Q3 Profit Rises - Quick Facts

(RTTNews) - Bio-Reference Laboratories Inc. (BRLI) reported that its third-quarter net income increased to $14.70 million or $0.53 per share, from $12.60 million or $0.45 per share in the year ago quarter.

The company recorded revenues of $185.43 million, representing an increase of 16% over the $160.53 million (previously reported as $172.30 million) recorded in the prior year.

The prior period result was adjusted in accordance with the Accounting Standards Update 2011-7 under Topic 954 of FASB codification.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.51 per share and revenues of $183.53 million for the quarter. Analysts' estimates typically exclude special items.