Neogen Q2 Adj. EPS $0.11 Misses $0.14 Estimate, Sales $229.63M Miss $232.87M Estimate
Portfolio Pulse from Benzinga Newsdesk
Neogen Corporation (NASDAQ:NEOG) reported Q2 adjusted EPS of $0.11, missing the $0.14 estimate, and sales of $229.63M, falling short of the $232.87M estimate. This represents a 26.67% decrease in EPS and a 0.18% decrease in sales compared to the same period last year.
January 09, 2024 | 12:03 pm
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NEGATIVE IMPACT
Neogen's Q2 earnings and sales missed analyst estimates, with a significant decrease in EPS year-over-year.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment and could lead to a short-term decline in Neogen's stock price. The year-over-year decrease in EPS is particularly concerning, indicating a potential trend that investors may find worrying.
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