Recap: Neogen Q2 Earnings
Portfolio Pulse from Benzinga Insights
Neogen Corporation (NASDAQ:NEOG) reported Q2 earnings with an EPS of $0.11, missing the estimate of $0.14 by 21.43%. Revenue also decreased by $404 thousand compared to the same period last year. The company's stock price previously fell by 6.79% following an EPS miss last quarter.
January 09, 2024 | 12:10 pm
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NEGATIVE IMPACT
Neogen reported a significant earnings miss and a decrease in revenue compared to the same quarter last year, which may negatively impact investor sentiment and stock price.
Historically, Neogen's stock price has been sensitive to earnings reports, as evidenced by the 6.79% drop after the last quarter's EPS miss. The current earnings miss and revenue decline are likely to have a similar negative effect on the stock price in the short term.
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