Neogen (NEOG) Q4 Earnings Miss Estimates, Margins Crash

Neogen Corporation (NEOG) reported fourth-quarter fiscal 2024 earnings per share (EPS) of 10 cents, down 28.6% from the prior year's comparable period figure. The reported figure also missed the Zacks Consensus Estimate by 16.7%. Revenues in the fiscal fourth quarter fell 2.1% on a year-over-year basis to $236.8 million. Core revenues were 2%. Acquisitions and discontinued product lines contributed 0.1%, while foreign currency had a negative impact of 4.2%. However, the metric surpassed the Zacks Consensus ...