Published on 10 Apr 2024 on Zacks via Yahoo Finance
Neogen (NEOG) Q3 Earnings Miss Estimates, Gross Margin Expands
Neogen Corporation NEOG reported third-quarter fiscal 2024 earnings per share (EPS) of 12 cents, unchanged from the prior year’s comparable period figure. However, the reported figure missed the Zacks Consensus Estimate by 14.3%.
Revenues in the fiscal third quarter rose 4.8% on a year-over-year basis to $228.8 million. Core revenues were 6.2%. While acquisitions and discontinued product lines did not impact core growth, foreign currency had a negative impact of 1.4%. The metric missed the Zacks Consensus Estimate by 0.5%.
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