Neogen Corp (NEOG) Misses Q2 EPS by 2c

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Go back to Neogen Corp (NEOG) Misses Q2 EPS by 2c

Neogen reports 16% increase in net income

December 21, 2015 8:45 AM EST

LANSING, Mich., Dec. 21, 2015 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that net income for the second quarter of its 2016 fiscal year, which ended Nov. 30, increased 16% to $9,073,000, or $0.24 per fully diluted share, from $7,806,000, $0.21 per share, in fiscal 2015. Current year-to-date net income was $18,396,000, or $0.49 per share, compared to $16,689,000, or $0.45 per share, for the same period a year ago.

Revenues for the second quarter of fiscal 2016 increased 16% to $79,610,000, from the previous year's second quarter revenues of $68,455,000. This increase was aided in part by recent acquisitions completed by the company. The quarterly... More