Neogen Q3 Earnings Preview: Expectations Lower Amid Business Sale
A significant earnings miss could lead to negative sentiment, reflecting past patterns of price declines in similar scenarios such as previous earnings reports.
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A significant earnings miss could lead to negative sentiment, reflecting past patterns of price declines in similar scenarios such as previous earnings reports.
What happened, with direct paths to the underlying reporting
Neogen Corporation is set to release its Q3 earnings on April 9, with analysts expecting a drop in earnings per share to 5 cents, down from 10 cents last year. The anticipated revenue of $204.62 million also signifies a decline. The company's recent sale of its Genomics business to Zoetis adds another layer to its financial outlook.
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