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Neogen's Fiscal Q3 Adjusted Earnings Flat, Revenue Increases; Lowers 2024 Revenue Outlook
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Neogen's Fiscal Q3 Adjusted Earnings Flat, Revenue Increases; Lowers 2024 Revenue Outlook
Apr 9, 2024 5:49 AM

07:37 AM EDT, 04/09/2024 (MT Newswires) -- Neogen (NEOG) reported fiscal Q3 adjusted earnings Tuesday of $0.12 per diluted share, unchanged from a year earlier.

An analyst polled by Capital IQ expected $0.14.

Revenue for the quarter ended Feb. 29 was $228.8 million, up from $218.3 million a year earlier.

Two analysts surveyed by Capital IQ expected $230 million.

For fiscal 2024, the company said it now expects revenue of $910 million to $920 million, lowering its previous outlook of $935 million to $955 million. Two analysts polled by Capital IQ are expecting $938.2 million.

Price: 12.8, Change: -1.58, Percent Change: -10.99

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