Neogen Corp. (NEOG) Tops Q2 EPS by 1c, Revenues Miss

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Go back to Neogen Corp. (NEOG) Tops Q2 EPS by 1c, Revenues Miss

Neogen reports second quarter results

December 20, 2018 8:45 AM EST

LANSING, Mich., Dec. 20, 2018 /PRNewswire/ -- Neogen Corporation (NASDAQ: NEOG) announced today that its revenues for the second quarter of its 2019 fiscal year, which ended Nov. 30, increased 6% to $107,098,000, from the previous year's second quarter revenues of $100,698,000. Current year-to-date revenues were $206,724,000, also up 6% compared to $194,907,000 for the same period a year ago.

Second quarter net income was $16,051,000, or $0.31 per share, compared to the prior year's $17,100,000, or $0.33 per share. In the prior year second quarter, Neogen benefitted from a $3.8 million tax credit, representing $0.07 per share, resulting from employee stock option exercises. In fiscal... More