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Benzinga

Business

Henry Khederian

Here's Why Niogen Shares Are Falling

Neogen Corporation (NASDAQ:NEOG) shares are trading lower by 9.6% at $30.51 after the company reported worse-than-expected third-quarter EPS and sales results.

Neogen reported quarterly earnings of 13 cents per share which missed the analyst consensus estimate of 15 cents. Neogen also reported quarterly sales of $128.24 million which missed the analyst consensus estimate of $129.99 million by 1%. This is a 10% increase over sales of $116.71 million in the same period last year.

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