Janney Capital Upgrades Bio-Techne (TECH) to Neutral
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Bio-Techne Releases First Quarter Fiscal 2016 Results
October 28, 2015 7:01 AM EDTMINNEAPOLIS, Oct. 28, 2015 /PRNewswire/ --Â Bio-Techne Corporation (NASDAQ: TECH) today reported its financial results for the first quarter ended September 30, 2015.
First Quarter 2016 Snapshot
Increased first quarter revenue by 4% to $112.4 million. Delivered first quarter adjusted earnings of $29.4 million, down 10% from the prior year due to FX headwinds and the timing of acquisitions in the prior year. Generated operating cash flow of $31.8 million. Continued the trend of double-digit growth in China. Achieved solid growth in the BioPharma end-markets, with a return to... More