Techne Corp. (TECH) Releases Unaudited Fourth Quarter and Fiscal Year 2013 Results
8/6/2013 6:50:44 AM
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MINNEAPOLIS, Aug. 6, 2013 /PRNewswire/ -- Techne Corporation's (NASDAQ: TECH) financial results for the fourth quarter and fiscal year ended June 30, 2013 include the following highlights:
Fourth quarter earnings were $28.4 million or $0.77 per diluted share. Adjusted earnings for the quarter were $30.2 million (an increase of 2.1% from the prior fiscal year period) or $0.82 per diluted share. Adjusted earnings and adjusted earnings per share exclude intangible asset amortization, costs recognized upon the sale of inventory that was written-up to fair value as part of the acquisitions completed in the quarter ended June 30, 2011, professional fees related to an acquisition completed in July 2013, and certain income tax credits.
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