Techne: Fiscal Q3 Earnings Snapshot

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Techne Corp. (TECH) on Wednesday reported fiscal third-quarter net income of $49.1 million.

On a per-share basis, the Minneapolis-based company said it had profit of 31 cents. Earnings, adjusted for one-time gains and costs, came to 48 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The maker of medical testing and diagnostic products posted revenue of $303.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $292.4 million.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on TECH at

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up