Bio-Techne Releases Second Quarter Fiscal 2020 Results
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Bio-Techne (TECH) Misses Q2 EPS by 5c, Revenues Miss
February 4, 2020 6:39 AM ESTBio-Techne (NASDAQ: TECH) reported Q2 EPS of $1.08, $0.05 worse than the analyst estimate of $1.13. Revenue for the quarter came in at $184.9 million versus the consensus estimate of $191.24 million.
Second Quarter FY2020 Snapshot
Second quarter organic revenue increased by 6% (6% reported) to $184.9 million and 9% (9% reported) in the first half of fiscal 2020 to $368.2 million.GAAP EPS was $3.02 versus $0.45 one year ago resulting from a gain of approximately $121 million on our ChemoCentryx investment. Delivered adjusted earnings per share (EPS) of $1.08, an increase of 2%... More