Bio-Techne Q2 Results Miss Estimates; Declares Dividend

RTTNews | 691 days ago
Stocktwits
Bio-Techne Q2 Results Miss Estimates; Declares Dividend

(RTTNews) - Life sciences company Bio-Techne Corp. (TECH) reported Thursday that second-quarter net earnings attributable to the company almost halved to $27.47 million or $0.17 per share from $50.01 million or $0.31 per share in the prior-year quarter.

Excluding items, adjusted earnings were $0.40 per share, compared to $0.47 per share in the year-ago quarter.

Net sales for the quarter edged up to $272.60 million from last year's $271.58 million. Organic revenue decreased 2 percent.

On average, 12 analysts polled by Thomson Reuters expected the company to report earnings of $0.41 per share on revenues of $277.53 million for the quarter. Analysts' estimates typically exclude special items.

Separately, Bio-Techne 's Board of Directors decided to pay a dividend of $0.08 per share for the quarter ended December 31, 2023, payable on February 26, 2024, to all common shareholders of record on February 12, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: TECH
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