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Neogen's revenue dropped 3.4%, missing expectations and causing its stock price to fall.
Neogen, a company that makes diagnostic tests for food safety and animal health, recently missed revenue expectations, reporting a 3.4% drop in sales to $221 million.
Its full-year revenue guidance of $895 million also fell short of analysts' predictions, leading to a drop in its stock price.
Despite a two-year revenue growth of 12.1%, Neogen has not yet returned to its previous profitability peak.
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Los ingresos de Neogen cayeron un 3,4%, perdiendo las expectativas y causando que su precio de las acciones cayera.