Neogen Corporation (NEOG) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Neogen Corporation (NEOG) announced its most recent quarterly financial results on Tuesday, Sep-27-2016. NEOG reported $0.26 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.27. The company posted revenue of $83.65 million in the period, compared to analysts expectations of $86.10 million. NEOG’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Neogen Corporation closed down -2.8 points or -4.86% at $54.78 with 4,08,367 shares getting traded on Tuesday. Post opening the session at $56.67, the shares hit an intraday low of $52.66 and an intraday high of $56.67 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Aug 25, 2016, Richard E Jr Calk (President & COO) sold 5,425 shares at $57.47 per share price. According to the SEC, on Aug 12, 2016, Jack C Parnell (director) sold 5,000 shares at $56.87 per share price. On Aug 11, 2016, James L Herbert (Chairman & CEO) sold 6,068 shares at $55.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Neogen Corporation develops manufactures and markets a diverse line of products dedicated to food and animal safety. The Company has two segments: Food Safety and Animal Safety. The Food Safety segment is engaged in the development production and marketing of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins foodborne bacteria allergens and levels of general sanitation. The Animal Safety segment is engaged in the development production and marketing of products dedicated to animal safety including a complete line of consumable products marketed to veterinarians and animal health product distributors. It also provides genomic identification and related interpretive bioinformatics services. Additionally the Animal Safety segment produces and markets rodenticides disinfectants and insecticides to assist in control of rodents insects and disease in and around agricultural food production and other facilities.

Neogen Corporation

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