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Techne Corporation Releases Unaudited Second Quarter Results for Fiscal Year 2008
Date:1/29/2008
me 32,902 27,517 65,226 56,306
Other expense (income):
Interest expense -- 815 -- 1,083
Interest income (3,252) (1,956) (6,250) (3,632)
Other non-operating expense,
net 573 428 1,142 913
Total other income (2,679) (713) (5,108) (1,636)
Earnings before income taxes 35,581 28,230 70,334 57,942
Income taxes 11,942 9,567 23,623 19,648
Net earnings $23,639 $18,663 $46,711 $38,294
Earnings per share:
Basic $0.60 $0.47 $1.18 $0.97
Diluted $0.60 $0.47 $1.18 $0.97
Weighted average common shares
outstanding:
Basic 39,395 39,387 39,442 39,383
Diluted 39,497 39,511 39,542 39,483
TECHNE CORPORATION
CONSOLIDATED BALANCE SHEETS
(In thousands)
(Unaudited)
ASSETS 12/31/07 6/30/07
Cash and equivalents $148,657 $135,485
Short-term available-for-sale investments 40,139 29,289
Trade accounts receivable 29,273 29,559
Other receivables 1,465 1,407
Inventory 9,409 8,757
Other current assets 8,974 8,341
Current assets 237,917 212,838
Available-for-sale investments 95,663 91,433
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| SOURCE Techne Corporation Copyright©2008 PR Newswire. All rights reserved |
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