BUZZ-Neogen jumps after full-year revenue forecast raise
Reuters
Jan 08
BUZZ-Neogen jumps after full-year revenue forecast raise
** Shares of food and animal safety products company Neogen NEOG.O jump 22% to $9 premarket
** Co raises FY26 revenue outlook to the range of $845 mln-$855 mln from the prior range of $820 mln-$840 mln
** Q2 revenue of $224.7 mln beats analyst expectations of $207.3 mln, according to data compiled by LSEG
** Revenue growth driven by strong sales in Indicator Testing and Culture Media within the Food Safety segment
** Two of five brokerages rate the stock "buy" or higher, three "hold; their median PT is $7.25-LSEG data
** NEOG fell 42% in 2025, marking its second-straight year of declines
(Reporting by Avinash P in Bengaluru)
((Avinash.P@thomsonreuters.com))
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