Jan. 8 at 8:45 PM
Neogen shares surged more than 30% after the food safety company reported better-than-expected fiscal second-quarter results and raised its full-year outlook. Adjusted earnings came in at 10 cents per share, well above estimates, while revenue of
$224.7 million also beat expectations despite declining year over year.
The company lifted its fiscal 2026 revenue forecast to
$845 million–
$855 million, up from its prior range of
$820 million–
$840 million. Investors responded positively, marking the second consecutive quarter in which Neogen’s stock has spiked following earnings.
The rally follows a cost-cutting plan and companywide layoffs announced last fall, which helped restore confidence after several years of losses. While the stock is up sharply since October, it remains well below its 2021 peak.
$NEOG