Bio-Techne Releases Fourth Quarter Fiscal 2018 Results

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Bio-Techne Corp. (TECH) PT Raised to $175 at Deutsche Bank

August 8, 2018 7:41 AM EDT

Deutsche Bank raised its price target on Bio-Techne Corp. (NASDAQ: TECH) to $175.00 (from $165.00) while maintaining a Hold rating.

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Bio-Techne (TECH) Tops Q4 EPS by 5c, Revenues Beat

August 7, 2018 7:04 AM EDT

Bio-Techne (NASDAQ: TECH) reported Q4 EPS of $1.34, $0.05 better than the analyst estimate of $1.29. Revenue for the quarter came in at $180.3 million versus the consensus estimate of $174.77 million.

Fourth quarter organic revenue increased by 9% (15% reported) to $180.3 million. Full year organic revenues increased by 9% (14% reported) to $643.0 million.GAAP EPS was $1.07 versus $0.74 one year ago, an increase of 45% over the prior year. Full year GAAP EPS was $3.29 versus $2.03 one year ago, an increase of 62% over the prior year.Delivered a record adjusted... More