Techne: Fiscal Q3 Earnings Snapshot
MINNEAPOLIS (AP) _ Techne Corp. (TECH) on Wednesday reported fiscal third-quarter net income of $60.7 million.
The Minneapolis-based company said it had net income of $1.48 per share. Earnings, adjusted for amortization costs and stock option expense, were $2.14 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The maker of medical testing and diagnostic products posted revenue of $290.4 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $283.4 million.