Bio-Techne (TECH) Misses Q2 EPS by 5c, Revenues Miss

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Bio-Techne Releases Second Quarter Fiscal 2020 Results

February 4, 2020 6:30 AM EST

MINNEAPOLIS, Feb. 4, 2020 /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH) today reported its financial results for the second quarter ended December 31, 2019.

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% despite foreign currency exchange headwinds negatively impacting results by $0.08 or 8% in the second... More