Neogen Corp. (NEOG) Misses Q3 EPS Views

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Go back to Neogen Corp. (NEOG) Misses Q3 EPS Views

Neogen reports 12% increase in net income

March 23, 2016 8:45 AM EDT

LANSING, Mich., March 23, 2016 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that its net income for the third quarter of fiscal 2016, which ended Feb. 29, increased 12% to $8,311,000, when compared to the prior year's $7,454,000. Earnings per share in the current quarter were $0.22, compared to $0.20 a year ago. Current year-to-date net income increased 11% over prior year to $26,707,000, or $0.71 per share, compared to $24,142,000, or $0.65 per share, for the same period a year ago.

Revenues for the third quarter of fiscal 2016 increased 12% to $76,725,000, from the previous year's third quarter revenues of $68,409,000. This increase was... More