Techne Corp.'s (TECH: Quote) fourth-quarter net earnings slipped to $27.24 million or $0.74 per share, from $28.33 million or $0.76 per share a year ago.
Net sales for the recent quarter totaled $78.68 million, compared with $78.04 million in 2011.
On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.85 on $80.14 million revenue for the quarter. Analysts' estimates typically exclude one-time items.
Separately, Techne announced that its board has decided to pay a dividend of $0.28 per share for the quarter ended June 30, 2012, payable August 24, 2012 to all common shareholders of record on August 10, 2012. Future cash dividends would be considered by the board on a quarterly basis.
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by RTT Staff Writer
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