Revenue Update on Neogen Corporation(NASDAQ:NEOG)

Neogen Corporation(NASDAQ:NEOG) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during Pre-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $88.385M. Analysts estimated a revenue of $90.050M. The revenues were -1.85% below the estimates. Earnings per share were $0.27. Analysts had estimated an EPS of $0.27.

Neogen Corporation (NEOG) shares turned negative on Fridays trading session with the shares closing down -0.3 points or -0.47% at a volume of 1,43,153. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $64.4. The peak price level was also seen at $64.4 while the days lowest was $63.165. Finally the shares closed at $63.95. The 52-week high of the shares is $69.09 while the 52-week low is $43.79. According to the latest information available, the market cap of the company is $2,438 M.

Several Insider Transactions has been reported to the SEC. On Jan 11, 2017, Jack C Parnell (director) sold 6,000 shares at $66.04 per share price.Also, On Jan 11, 2017, Terri A Morrical (Vice President) sold 27,600 shares at $66.12 per share price.On Jan 5, 2017, Steven J. Quinlan (VP & CFO) sold 5,352 shares at $66.13 per share price, according to the Form-4 filing with the securities and exchange commission.

Neogen Corporation develops manufactures and markets a diverse line of products dedicated to food and animal safety. The Company has two segments: Food Safety and Animal Safety. The Food Safety segment is engaged in the development production and marketing of diagnostic test kits and related products used by food producers and processors to detect harmful natural toxins foodborne bacteria allergens and levels of general sanitation. The Animal Safety segment is engaged in the development production and marketing of products dedicated to animal safety including a complete line of consumable products marketed to veterinarians and animal health product distributors. It also provides genomic identification and related interpretive bioinformatics services. Additionally the Animal Safety segment produces and markets rodenticides disinfectants and insecticides to assist in control of rodents insects and disease in and around agricultural food production and other facilities.

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