Bio-Techne Releases Third Quarter Fiscal 2020 Results

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Go back to Bio-Techne Releases Third Quarter Fiscal 2020 Results

Bio-Techne (TECH) Tops Q3 EPS by 24c, Revenues Beat

April 30, 2020 6:36 AM EDT

Bio-Techne (NASDAQ: TECH) reported Q3 EPS of $1.39, $0.24 better than the analyst estimate of $1.15. Revenue for the quarter came in at $194.7 million versus the consensus estimate of $185.43 million.

Third Quarter FY2020 Snapshot

Third quarter organic revenue increased by 6% (5% reported) to $194.7 million and 8% (8% reported) in the first three quarters of fiscal 2020 to $562.9 million.GAAP EPS was $0.92 versus $1.15 one year ago. Delivered adjusted earnings per share (EPS) of $1.39 versus $1.21 one year ago.Adjusted Operating Margin increased to 36.4% in the third quarter of fiscal 2020 compared to 35.2% in the third quarter of fiscal... More