Neogen (NEOG) Hits 10-Month High on Earnings, Upbeat Outlook

Company Performance - Neogen Corporation (NASDAQ:NEOG) reached a 10-month high, driven by strong earnings and an increased revenue guidance for fiscal year 2026 [1][4] - The stock price surged to $10.24 during intra-day trading, marking a significant increase of 31.57% to close at $9.71 [2] Financial Results - Neogen Corporation raised its full-year 2026 revenue outlook to between $845 million and $855 million, up from a previous range of $820 million to $840 million [4] - Adjusted EBITDA is projected to reach $175 million, aligning with the high end of previous guidance [5] Strategic Initiatives - Neogen's President and CEO, Mike Nassif, expressed pride in the team's efforts to stabilize and strengthen the core business amid macroeconomic challenges, highlighting significant sequential improvements in core revenue growth and profitability [6]