Neogen Corp (NEOG) Misses Q1 EPS by 2c

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Go back to Neogen Corp (NEOG) Misses Q1 EPS by 2c

Neogen reports 11% revenue increase

September 21, 2015 8:45 AM EDT

LANSING, Mich., Sept. 21, 2015 /PRNewswire/ -- Neogen Corporation (Nasdaq: NEOG) announced today that revenues for the first quarter of its 2016 fiscal year, which ended Aug. 31, were $74,860,000 an 11% increase compared to revenues of $67,599,000 in the first quarter of last year.

First quarter net income increased 5% to $9,323,000, or $0.25 per share, from the previous year's first quarter income of $8,883,000, or $0.24 a share. The revenues and net income represent first quarter records for the 33-year-old company.

"We are pleased to report a solid start to our new fiscal year, despite facing the same currency... More