Neogen Q1 Results Miss Estimates; Backs FY24 Outlook

RTTNews | 580 dias atrás
Stocktwits
Neogen Q1 Results Miss Estimates; Backs FY24 Outlook

(RTTNews) - Neogen Corp. (NEOG) reported on Tuesday that net income for the first quarter plunged to $1.50 million or $0.01 per share from to $5.21 million or $0.05 per share in the prior-year quarter.

Excluding items, adjusted earnings were $0.11 per share, compared to $0.16 per share in the year-ago quarter.

On average, analysts polled by Thomson Reuters expected earnings of $0.12 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter surged 73.0 percent to $228.99 million from $132.35 million in the same quarter last year. Analysts expected revenues of $231.10 million for the quarter.

Looking ahead to fiscal 2024, taking into account first-quarter results, as well as typical seasonality of revenue and the expectation of an improved end-market environment in the second half of the year, the company continues to anticipate revenue between $955 million and $985 million. The Street is looking for revenues of $968.41 million for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Marcadores : NEOG
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Neogen Says USDA FSIS Selects Neogen MDS As Primary Method To Detect Salmonella, Listeria

Neogen Says USDA FSIS Selects Neogen MDS As Primary Method To Detect Salmonella, Listeria

Neogen Corp. (NEOG), a provider of food safety solutions, announced Monday that the U.S. Department of Agriculture Food Safety and Inspection Service (USDA FSIS) has named the Neogen Molecular Detection System (MDS) as its primary method to be used for the detection of Salmonella and Listeria monocytogenes testing for meat, poultry and egg products.
RTTNews | 336 dias atrás
Neogen Slips To Loss In Q2, But Revenue Surge 76%

Neogen Slips To Loss In Q2, But Revenue Surge 76%

Neogen Corp. (NEOG) reported on Thursday a net loss for the second quarter of $41.84 million or $0.19 per share, compared to net income of $10.83 million or $0.10 per share in the prior-year quarter.
RTTNews | 858 dias atrás
Neogen Q1 Net Profit Plunges, But Revenue Up 3%

Neogen Q1 Net Profit Plunges, But Revenue Up 3%

Neogen Corp. (NEOG) reported on Tuesday that net income for the first quarter plunged to $5.21 million or $0.05 per share from to $17.08 million or $0.16 per share in the prior-year quarter.
RTTNews | 958 dias atrás
Indian Rupee Rises To 4-day High As Border Tensions Ease

Indian Rupee Rises To 4-day High As Border Tensions Ease

The Indian rupee strengthened against the U.S. dollar in the Asian session on Monday, as investors reacted to easing Indo-Pak tensions and positive indications coming from China-U.S. trade talks.
RTTNews | 2h 31min atrás
Antipodean Currencies Rise, Yen Slides Amid US-China Trade Optimism

Antipodean Currencies Rise, Yen Slides Amid US-China Trade Optimism

The antipodean currencies such as the Australian and New Zealand dollars strengthened against their major currencies in the Asian session on Monday, amid optimism about a potential U.S.-China trade deal after U.S. Treasury Secretary Scott Bessent confirmed that a trade deal has been struck with China following the weekend talks in Switzerland, with no more details offered. Meanwhile, the safe-haven Japanese yen weakened against its major counterparts in the Asian trading on optimism over a US-China trade deal.
RTTNews | 2h 57min atrás
UK Recruitment Activity Remains Weak In April

UK Recruitment Activity Remains Weak In April

UK recruitment activity remained weak at the start of the second quarter as demand for staff deteriorated amid the rise in the salary inflation due to the increases in the national minimum and living wage rates, a report compiled by S&P Global showed Monday. Permanent staff appointments declined further amid reports of weak employer confidence and tighter hiring budgets.
RTTNews | 3h 50min atrás
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