Shares of Neogen NEOG were unchanged after the company reported Q3 results.
Quarterly Results
Earnings per share rose 8.70% over the past year to $0.25, which missed the estimate of $0.26.
Revenue of $116,709,000 higher by 16.86% year over year, which beat the estimate of $106,750,000.
Guidance
Neogen hasn't issued any earnings guidance for the time being.
Neogen hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Mar 23, 2021
Time: 11:00 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1224/40215
Recent Stock Performance
52-week high: $89.32
52-week low: $52.71
Price action over last quarter: Up 1.41%
Company Description
Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety (57% of sales), Neogen performs diagnostics to detect unintended substances in food and animal feed, such as pathogens, allergens, and drug residues, for global food and feed processing companies. In animal safety (43% of sales), Neogen sells veterinary instruments, pharmaceuticals, disinfectants, and genomics tests for animals, including cattle, horses, and canines. Neogen is also a market leader in testing for therapeutic drugs for farm and racing animals. Sales in the United States account for 60% of total revenue, while international markets, including Canada, Europe, Asia, and Latin America, account for the other 40% of sales.
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