China Biologic Products Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - China Biologic Products Inc. (CBPO) revealed a profit for third quarter that fell from the same period last year.

The company's earnings totaled $39.54 million, or $0.99 per share. This compares with $47.02 million, or $1.21 per share, in last year's third quarter.

Excluding items, China Biologic Products Inc. reported adjusted earnings of $55.08 million or $1.39 per share for the period.

Analysts had expected the company to earn $1.28 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.8% to $138.56 million from $136.11 million last year.

China Biologic Products Inc. earnings at a glance:

-Earnings (Q3): $55.08 Mln. vs. $54.43 Mln. last year. -EPS (Q3): $1.39 vs. $1.40 last year. -Analysts Estimate: $1.28 -Revenue (Q3): $138.56 Mln vs. $136.11 Mln last year.