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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.

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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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