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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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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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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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FTSE 100 Moves In Tight Band; Fresnillo Down Sharply
UK stocks are moving in a tight range on Monday with investors mostly making cautious moves, looking ahead to the monetary policy meetings of the Federal Reserve, the European Central Bank and the Bank of Japan.
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French Stocks Turning In Mixed Performance; CAC Up Marginally
After a slightly positive start and a subsequent drop, France's CAC 40 has edged up a bit on Monday with investors digesting earnings updates and the regional economic data, and looking ahead to the monetary policy announcements from the European Central Bank and the Federal Reserve this week.
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DAX Up Slightly; Porsche Up After Smaller Than Expected Drop In Earnings
The German market is up slightly on Monday amid optimism about easing U.S.-China trade tensions following negotiators from the two nations reaching a preliminary trade framework.
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Eurozone Household Lending Growth Fastest Since 2023
Lending to euro area households increased at the fastest pace since March 2023 but lending to businesses softened amid rising risks to economic growth. Adjusted loans to households grew 2.6 percent year-on-year in September, following a 2.5 percent rise in August, data from the European Central Bank showed on Monday. This was the fastest growth since March 2023.
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Sensex, Nifty Climb On Fed Rate Cut Hopes, Easing US-China Tensions
Indian shares rose notably on Monday as softer-than-expected U.S. inflation report raised hopes of additional Federal Reserve rate cuts in 2025 and reports suggested that the United States and China were closing in on a trade deal.
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