Bio-Techne Q3 Profit Tops Estimates

Bio-Techne Corporation (TECH) reported third quarter adjusted earnings per share of $1.79 compared to $1.39, prior year. On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $1.55, for the quarter. Analysts' estimates typically exclude special items. GAAP operating income increased 43.6% to $68.6 million. GAAP EPS increased to $1.12 from $0.92.

Third quarter net sales increased 25% to $243.6 million. Organic growth was 22%, for the quarter. Analysts expected revenue of $228.22 million, for the quarter.

Bio-Techne announced its Board has decided to pay a dividend of $0.32 per share for the quarter ended March 31, 2021. The quarterly dividend will be payable May 28, 2021 to all common shareholders of record on May 17, 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Chinese HR firm 51job, Inc. (JOBS) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Garnet Faith Limited, pursuant to which, and subject to the terms and conditions thereof, Garnet Faith will merge with and into 51job, with 51job being the surviving company, in... Priceline, affiliated to Booking Holdings Inc., is launching Fourth of July Freedom sale with bigger savings on flights, hotels and rental cars for the upcoming summer travel season. The company, which offers exclusive discounts on hotels, flights, alternative accommodations, rental cars, cruises and packages, said the two-week Freedom Sale will feature special discounts and promotions. Cuisine Solutions is recalling its JUST Egg flavored plant-based "bites" products due to undeclared allergens, the U.S. Food and Drug Administration said. The recall involves a limited number of 2-pouch retail packages that may contain an incorrect sealed pouch containing whole-egg and milk products, known allergens.
Follow RTT