Bio-Rad Laboratories (NYSE:BIO) reported quarterly earnings of $3.54 per share which beat the analyst consensus estimate of $2.66 by 33.08 percent. This is a 119.88 percent increase over earnings of $1.61 per share from
Biotech stocks rebounded in the week ended July 23, thanks to the broader market strength. The sector also benefitted from the optimism that was set in motion by the solid start to the pharma reporting season.