AP NEWS

Neogen: Fiscal 2Q Earnings Snapshot

December 20, 2018

LANSING, Mich. (AP) _ Neogen Corp. (NEOG) on Thursday reported fiscal second-quarter earnings of $16.1 million.

The Lansing, Michigan-based company said it had profit of 31 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.

The maker of medical testing kits posted revenue of $107.1 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $109 million.

Neogen shares have decreased 4 percent since the beginning of the year. The stock has dropped 1.5 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEOG at https://www.zacks.com/ap/NEOG

AP RADIO
Update hourly