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Bio-Rad Laboratories, Inc. (NYSE:BIO) ranks among the best medical stocks to buy according to analysts. On July 31, Bio-Rad Laboratories, Inc. (NYSE:BIO) posted second-quarter earnings that far surpassed analyst expectation on account of higher-than-expected revenue and increased operating margin projections.
The company announced adjusted earnings per share of $2.61 in the second quarter, topping analyst expectations of $1.73. Revenue came in at $651.6 million, exceeding the consensus forecast of $615.2 million and indicating a 2.1% increase over the same quarter the previous year.
The Life Science division was the most notable, with revenues of $262.8 million, owing to increasing process chromatography and food safety product sales.
In addition, Bio-Rad Laboratories, Inc. (NYSE:BIO) recently acquired Stilla Technologies, a droplet digital PCR developer, boosting its Droplet Digital PCR offering with the debut of its QX Continuum system.
Bio-Rad Laboratories, Inc. (NYSE:BIO) is an American developer and manufacturer of specialized technological products for the life science research and clinical diagnostics markets.
While we acknowledge the potential of BIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Read More: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds
Disclosure: None.
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