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Neogen tops 2Q profit forecasts

LANSING, Mich. (AP) _ Neogen Corp. (NEOG) on Wednesday reported fiscal second-quarter profit of $17.1 million.

On a per-share basis, the Lansing, Michigan-based company said it had net income of 33 cents.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The maker of medical testing kits posted revenue of $101.8 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $101.9 million.

Neogen shares have fallen nearly 9 percent since the beginning of the year. The stock has decreased nearly 9 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEOG at https://www.zacks.com/ap/NEOG