Neogen Corp shares fell due to lower-than-expected Q3 earnings and reduced 2024 guidance.
Neogen Corp (NASDAQ:NEOG) shares fell after reporting lower-than-expected Q3 earnings and cutting its 2024 guidance. The company reported sales of $228.8m, up 4.8% YoY, but missing the consensus of $230.01m. Core revenue growth was 6.2%. Neogen's Q3 adjusted EPS was $0.12 flat Y/Y but below the consensus of $0.14. The company now expects full-year revenue to be in the range of $910m to $920m, down from previous estimates.
April 09, 2024
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