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Techne: Fiscal 2Q Earnings Snapshot

February 5, 2019

MINNEAPOLIS (AP) _ Techne Corp. (TECH) on Tuesday reported fiscal second-quarter earnings of $17.6 million.

On a per-share basis, the Minneapolis-based company said it had net income of 45 cents. Earnings, adjusted for one-time gains and costs, were $1.06 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The maker of medical testing and diagnostic products posted revenue of $174.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $170.1 million.

Techne shares have climbed 23 percent since the beginning of the year. The stock has increased 29 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TECH at https://www.zacks.com/ap/TECH

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