Techne Corp. Reports Strong Fiscal Q2 Earnings, Exceeding Expectations
MINNEAPOLIS, Minnesota (AP) - Techne Corp. (TECH) reported impressive second-quarter earnings on Wednesday, surpassing analyst expectations. The Minneapolis-based company recorded net income of $34.9 million, translating to earnings per share of 22 cents.
Excluding one-time items, adjusted earnings per share reached 42 cents, outperforming the consensus estimate of 38 cents forecasted by four analysts polled by Zacks Investment Research.
Techne Corp., a leading provider of medical testing and diagnostic products, also reported robust revenue of $297 million for the quarter, exceeding the $285.3 million projection by Zacks analysts.
This financial performance marks a positive trend for Techne Corp. and reflects the company's continued growth in the healthcare industry.