Bio-Rad Laboratories Inc Class A

BIO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$263.00	Lqm	Xpyxzfrw

Narrow-Moat Bio-Rad Reports Solid Q3 Buoyed by Royalties, COVID-19, and Currency Effects

Aaron Degagne

Oct 29, 2021

Bio-Rad saw a strong quarter across the board in the third quarter, with currency neutral sales growth of 13.8% and EPS growth of 24%, excluding income and taxes from Sartorius. We are maintaining our $455 fair value estimate and our narrow moat and high uncertainty ratings. We continue to believe the market is overestimating Bio-Rad’s postpandemic growth prospects.

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