October 29, 2009 / 8:21 PM / in 10 years

UPDATE 2-Beckman Coulter posts lower net on acquisition

 * Adjusted earnings 85 cts/share, a penny over Street view
 * Revenue rose 8.4 percent
 (Adds outlook, stock price)
 CHICAGO, Oct 29 (Reuters) - Beckman Coulter BEC.N, a
maker of biomedical testing instrument systems, reported lower
quarterly net earnings on Thursday because of its acquisition
of Olympus.
 Third-quarter earnings were $1.5 million, or 2 cents per
diluted share, in the third quarter, compared with $24.1
million, or 37 cents per diluted share, in the year-ago
 Adjusted earnings per share were 85 cents. On that basis,
analysts on average had expected earnings of 84 cents per
share, according to Thomson Reuters I/B/E/S.
 Revenue rose to $822.8 million in the quarter from $758.8
million a year ago.
 The company tightened and raised its outlook for the full
year to a range of $3.85 to $3.95 per fully diluted share from
its previous forecast of $3.76 to $3.91 per share.
 Full-year revenue is expected to be flat, or flat to up 2
percent excluding the impact of foreign currency.
 The shares closed 87 cents higher at $67.06 on the New York
Stock Exchange.
 (Reporting by Debra Sherman)

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