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Neogen Q1 Net Profit Plunges, But Revenue Up 3%
(RTTNews) - 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.
Excluding items, adjusted earnings were $0.15 per share, compared to $0.16 per share in the year-ago quarter.
Revenues for the quarter increased 3 percent to $132.35 million from $128.31 million in the same quarter last year. Excluding unfavorable currency, revenues increased 6 percent. On an organic basis, sales increased 4 percent.
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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.
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444 days ago
Neogen Q1 Results Miss Estimates; Backs FY24 Outlook
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.
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688 days ago
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.
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966 days ago
Asian Markets Mixed Amid Caution Trades
Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
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10 minutes ago
Sensex, Nifty Seen Tad Higher At Open As IIP Growth Recovers
Indian shares may open on a positive note on Friday after official data showed India's industrial output production expanded at the fastest pace in four months in July.
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44 minutes ago
Thai Stock Market Tipped To Open In The Green
The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
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1h 16min ago
Japanese Market Notably Lower
Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
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1h 33min ago
Additional Support Predicted For Indonesia Shares
The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
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1h 46min ago
