Neogen: Fiscal Second Quarter Earnings Overview

Neogen Corp. Reports Second Quarter Financial Results

Neogen Corp., headquartered in Lansing, Michigan, announced a net loss of $15.9 million for its fiscal second quarter.

The company reported a loss of $0.07 per share. However, after adjusting for non-recurring items, earnings reached $0.10 per share.

These adjusted earnings surpassed analysts’ expectations, as the consensus from three Zacks Investment Research analysts had predicted $0.07 per share.

Neogen, a producer of medical diagnostic kits, generated $224.7 million in revenue during the quarter, outperforming the anticipated $209.7 million forecasted by analysts surveyed by Zacks.

For the full fiscal year, Neogen projects its revenue will fall between $845 million and $855 million.

Financial data provided by Zacks Investment Research and summarized by Automated Insights.