MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Techne Corp. (TECH) on Wednesday reported fiscal second-quarter earnings of $34.9 million.
On a per-share basis, the Minneapolis-based company said it had profit of 22 cents. Earnings, adjusted for one-time gains and costs, were 42 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The maker of medical testing and diagnostic products posted revenue of $297 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $285.3 million.
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