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MURRAY HILL, N.J. - Medical device maker C. R. Bard, Inc. said Wednesday that its net income took a hit for special charges in the second quarter.
| BCR | 93.98 |  0 |
The company said net income dropped to $77.9 million, or 76 cents per share, for the quarter; down from $97.5 million for the same quarter last year.
The latest quarter includes a charge of $34.9 million, or 34 cents per share, for an asset disposition.
Excluding special charges, income rose to $112.8 million, or $1.10 a share, up from $99 million the same quarter last year.
Analysts polled by Thomson Financial anticipated earnings per share of $1.08, on average.
The company's second-quarter sales rose 13 percent to $617.1 million for the quarter, benefiting 3 percent from foreign exchange.
"We are pleased with our overall performance in the second quarter," said Timothy Ring, chairman and chief executive officer of the company. "We continue to invest for long-term growth through our new product and business development activities."
Shares dropped slightly in after-hours trading to $90.50.
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