MINNEAPOLIS (AP) _ Techne Corp. (TECH) on Thursday reported fiscal second-quarter profit of $50 million.
The Minneapolis-based company said it had net income of 31 cents per share. Earnings, adjusted for one-time gains and costs, were 47 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The maker of medical testing and diagnostic products posted revenue of $271.6 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $290 million.
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