MINNEAPOLIS (AP) _ Techne Corp. (TECH) on Tuesday reported fiscal fourth-quarter earnings of $40.9 million.

The Minneapolis-based company said it had profit of $1.07 per share. Earnings, adjusted for one-time gains and costs, were $1.34 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The maker of medical testing and diagnostic products posted revenue of $180.3 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $176.2 million.

For the year, the company reported profit of $125.4 million, or $3.29 per share. Revenue was reported as $643 million.

Techne shares have risen 30 percent since the beginning of the year. The stock has increased 46 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