Neogen: Fiscal 1Q Earnings Snapshot
LANSING, Mich. (AP) _ Neogen Corp. (NEOG) on Tuesday reported fiscal first-quarter earnings of $14.7 million.
On a per-share basis, the Lansing, Michigan-based company said it had net income of 28 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The maker of medical testing kits posted revenue of $101.4 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $105.1 million.
Neogen shares have increased 32% since the beginning of the year. The stock has declined 16% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEOG at https://www.zacks.com/ap/NEOG