U.S. Markets closed

Neogen Tumbles as Fiscal Third-Quarter Earnings Decline

Adam Smith

tumbled Tuesday after the food-safety and animal sciences company released disappointing quarterly earnings. The Lansing, Michigan-based company was trading down 9.1% to $55.06 as both net earnings for the fiscal third quarter and earnings per share slid. "The quarterly results we are reporting today reflect a number of challenges in the quarter, including continued weakness in the global animal protein market and currency translation headwinds," said John Adent, Neogen's president and chief executive, in a press statement.