Neogen: Fiscal 1Q Earnings Snapshot
LANSING, Mich. (AP) _ Neogen Corp. (NEOG) on Tuesday reported fiscal first-quarter earnings of $15.2 million.
On a per-share basis, the Lansing, Michigan-based company said it had net income of 29 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The maker of medical testing kits posted revenue of $99.6 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $103.5 million.
Neogen shares have increased 44 percent since the beginning of the year. The stock has risen 62 percent in the last 12 months.