Bio-Techne Q4 Profit Tops Estimates - Quick Facts

(RTTNews) - Bio-Techne Corp. (TECH) reported fourth-quarter adjusted EPS of $1.09, compared to $0.92 in the same quarter last year. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.99 for the quarter. Analysts' estimates typically exclude special items. Adjusted operating income for the fourth quarter of fiscal 2017 increased 16% compared to the same quarter last year.

Net sales for the fourth quarter increased 16% to $156.6 million. Organic growth was 8% compared to the prior year, with currency translation having a negative impact of 1% and acquisitions contributing 9% to revenue growth. Analysts expected revenue of $150.12 million for the quarter.