Neogen's Fiscal Q3 Adjusted Earnings, Revenue Decrease; Fiscal 2025 Revenue Guidance Slashed

MT Newswires Live

04/09

Neogen Corp (NEOG) reported fiscal Q3 adjusted earnings Wednesday of $0.10 per share, down from $0.12 a year earlier.

Three analysts polled by FactSet expected $0.11.

Revenue for the quarter ended Feb. 28 was $221 million, compared with $228.8 million a year earlier.

Four analysts polled by FactSet expected $224.1 million.

The company said it now expects fiscal 2025 revenue of about $895 million, compared with its previous guidance range of $905 million to $925 million. Four analysts polled by FactSet expect $909.2 million.

Neogen shares were down more than 14% in recent Wednesday premarket activity.

Price: 6.01, Change: -1.03, Percent Change: -14.63

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