MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Techne Corp. (TECH) on Wednesday reported fiscal fourth-quarter earnings of $40.6 million.
The Minneapolis-based company said it had profit of 25 cents per share. Earnings, adjusted for one-time gains and costs, came to 49 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The maker of medical testing and diagnostic products posted revenue of $306.1 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $308.1 million.
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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
