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Article: Techne Corporation Releases Unaudited First Quarter Results for Fiscal Year 2010.(Financial report)
- Article from:
- Biotech Week
- Article date:
- November 11, 2009
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Techne Corporation's (NASDAQ:TECH) consolidated net earnings for the quarter ended September 30, 2009 decreased 6.4% to $26.8 million or $.72 per diluted share compared with $28.6 million or $.74 per diluted share for the quarter ended September 30, 2008. The decline in net earnings was mainly due to foreign currency fluctuations, decreased consolidated net sales and lower interest income. Foreign currency fluctuations and general economic conditions continued to have a negative impact on consolidated net sales and earnings in the quarter ended September 30, 2009. The change in exchange rates used to convert foreign currencies (primarily British pound sterling and euros) ...
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