Neogen Q1 Results Miss Estimates; Backs FY24 Outlook

RTTNews | 754 dagar sedan
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

read more
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 | 510 dagar sedan
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 | 1032 dagar sedan
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 | 1132 dagar sedan
Taiwan Shares Poised To Rebound On Monday

Taiwan Shares Poised To Rebound On Monday

The Taiwan stock market has finished lower in back-to-back sessions, sinking more than 60 points or 0.2 percent along the way. The Taiwan Stock Exchange now sits just above the 28,230-point plateau although it may find traction on Monday.
RTTNews | 1h 14minuter sedan
Singapore Bourse May Snap Losing Streak

Singapore Bourse May Snap Losing Streak

The Singapore stock market has finished lower in three straight sessions, sinking more than 20 points or 0.5 percent in that span. The Straits Times Index now sits just beneath the 4,430-point plateau although it may stop the bleeding on Monday.
RTTNews | 1h 44minuter sedan
Little Movement Seen For Malaysia Stock Market

Little Movement Seen For Malaysia Stock Market

The Malaysia stock market turned lower again on Friday, one day after ending the two-day slide in which it had slipped almost 7 point or 0.5 percent. The Kuala Lumpur Composite Index now sits just shy of the 1,610-point plateau and it figures to remain in that neighborhood again on Monday.
RTTNews | 2h 14minuter sedan