Bio-Techne Corp
TECH: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| ?Nt | LOCK|>?W> | LOCK|^J@<fx>& |
Bio-Techne Earnings: Softness in Biotech Demand Continues to Weigh on Top-Line Growth
Bio-Techne reported a 2% revenue decline for its third fiscal quarter and a 34.2% adjusted operating income margin, down 70 basis points. Revenue from biotech customers declined in the high single digits. Shares sold off 16% from the previous day's close.
