Food safety revenue came in 1% higher on a year over year basis.
Neogen Corporation is close to 30% up year to date in the stock market.
Neogen Corp. (NASDAQ: NEOG) said on Tuesday that its earnings and revenue were lower than analysts’ estimates in the fiscal second quarter. The company attributed its dovish performance in Q2 somewhat to the ongoing COVID-19 crisis that has so far infected more than 18 million people in the United States and caused over 327 thousand deaths.
Neogen Corp slid over 7% in premarket trading on Tuesday but regained the entire intraday loss on market open. On a year-to-date basis, the stock is now just under 30% up after a 50% recovery since mid-March. Learn more about why do prices rise and fall in the stock market.