Bio-Techne Corp. Q1 Profit Beats Estimates; Organic Revenue Up 8%

(RTTNews) - Bio-Techne Corporation (TECH) reported that its first-quarter adjusted EPS increased to $0.90, versus $0.84 in the same quarter last year. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter. Analysts' estimates typically exclude special items. Adjusted operating income for the first quarter increased 8%.

Net sales for the first quarter increased 11% to $144.6 million. Organic growth was 8% compared to the prior year, with currency translation having a positive impact of an additional 1% and acquisitions contributing 2% to revenue growth. Analysts expected revenue of $142.92 million for the quarter.