China Biologic Products Inc. Q1 adjusted earnings Beat Estimates

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

The company's bottom line totaled $53.4 million, or $1.36 per share. This compares with $37.7 million, or $0.94 per share, in last year's first quarter.

Excluding items, China Biologic Products Inc. reported adjusted earnings of $61.4 million or $1.56 per share for the period.

Analysts had expected the company to earn $1.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.3% to $162.6 million from $129.8 million last year.

China Biologic Products Inc. earnings at a glance:

-Earnings (Q1): $61.4 Mln. vs. $44.5 Mln. last year. -EPS (Q1): $1.56 vs. $1.11 last year. -Analysts Estimate: $1.38 -Revenue (Q1): $162.6 Mln vs. $129.8 Mln last year.