Neogen Corporation NEOG announced today that its net income for the first quarter of FY 2011, which ended Aug. 31, increased 33% from the prior year's $4,395,000 to $5,824,000, or to $0.25 per share compared to the prior year's first quarter of $0.19, adjusted for a 3-for-2 stock split that was effective Dec. 15, 2009.
First quarter revenues also increased 33% from the previous year's first quarter of $32,347,000 to $42,923,000 in FY 2011. The current year's 33% revenue increase is comprised of a 14% increase in organic sales of product lines available in the prior year's first quarter, and the addition of the BioKits and GeneSeek product lines.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in