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Neogen: Fiscal 3Q Earnings Snapshot

Associated Press
Updated ·1-min read

LANSING, Mich. (AP) _ Neogen Corp. (NEOG) on Tuesday reported fiscal third-quarter profit of $12.2 million.

The Lansing, Michigan-based company said it had net income of 23 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

The maker of medical testing kits posted revenue of $99.9 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $102.1 million.

Neogen shares have declined 9% since the beginning of the year. The stock has declined slightly more than 7% 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