Yahoo Finance Neogen Third Quarter 2024 Earnings: EPS Misses Expectations
Neogen (NASDAQ:NEOG) Third Quarter 2024 Results
Key Financial Results
Revenue: US$228.8m (up 4.8% from 3Q 2023).
Net loss: US$2.02m (down by 125% from US$8.19m profit in 3Q 2023).
US$0.009 loss per share (down from US$0.038 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Neogen EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Medical Equipment industry in the US.
Performance of the American Medical Equipment industry.
The company's shares are down 7.7% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Neogen you should be aware of.
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