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Neogen Slips To Loss In Q2, But Revenue Surge 76%
(RTTNews) - Neogen Corp. (NEOG) reported on Thursday a net loss for the second quarter of $41.84 million or $0.19 per share, compared to net income of $10.83 million or $0.10 per share in the prior-year quarter.
Excluding items, adjusted earnings were $0.15 per share, compared to $0.19 per share in the year-ago quarter.
Revenues for the quarter surged 76.2 percent to $230.03 million from $130.52 million in the same quarter last year. Excluding impacts of foreign currency translation and acquisitions, core revenues increased 6.6 percent. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
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Neogen Says USDA FSIS Selects Neogen MDS As Primary Method To Detect Salmonella, Listeria
Neogen Corp. (NEOG), a provider of food safety solutions, announced Monday that the U.S. Department of Agriculture Food Safety and Inspection Service (USDA FSIS) has named the Neogen Molecular Detection System (MDS) as its primary method to be used for the detection of Salmonella and Listeria monocytogenes testing for meat, poultry and egg products.
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324 days ago
Neogen Q1 Results Miss Estimates; Backs FY24 Outlook
Neogen Corp. (NEOG) reported on Tuesday that net income for the first quarter plunged to $1.50 million or $0.01 per share from to $5.21 million or $0.05 per share in the prior-year quarter.
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568 days ago
Neogen Q1 Net Profit Plunges, But Revenue Up 3%
Neogen Corp. (NEOG) reported on Tuesday that net income for the first quarter plunged to $5.21 million or $0.05 per share from to $17.08 million or $0.16 per share in the prior-year quarter.
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946 days ago
Thai Central Bank Cuts Rate By 25 Bps
The Bank of Thailand reduced its benchmark interest rate by a quarter-point, as expected, to withstand the downside risks to the growth outlook amid the heightened uncertainty posed by trade policies of major economies. The Monetary Policy Committee voted 5-2 to cut the policy rate to 1.75 percent from 2.00 percent. Two members voted to maintain the interest rate at 2.00 percent.
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5 minutes ago
Yen Falls On Trade Deal Hopes
The Japanese yen weakened against other major currencies in the European session on Wednesday as European stock markets traded higher amid expectations of a potential trade deal with the United States.
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1h 0min ago
UK Stocks Turning In Mixed Performance; FTSE 100 Up Marginally At Noon
The U.K. market is up marginally around noon on Wednesday, extending is long winning streak, amid easing worries about trade tensions. Investors are also digesting a fresh batch of earnings updates, and data showing a bigger than expected drop in house prices.
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1h 21min ago
Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the European session on Wednesday.
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1h 39min ago
CAC 40 Up Over 0.5% As Stocks Move Higher On Results, Easing Trade Tensions
French stocks are up in positive territory on Wednesday, with investors digesting a slew of earnings announcements and regional economic data, and picking up stocks amid easing concerns about trade tensions.
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1h 48min ago
