Neogen (NEOG) posted a net loss for the second quarter of $15.9 million, or $0.07 per share, compared to a net loss of $456.3 million, or $2.10 per share, in the prior-year period. Adjusted net income for the second quarter was $22.6 million, or $0.10 per share, compared to $24.4 million, or $0.11 per share, in the prior-year period. Analysts on average expected the company to report profit per share of $0.07, for the quarter. Analysts' estimates typically exclude special items.
Revenues for the second quarter were $224.7 million, a decrease of 2.8% compared to $231.3 million in the prior year. Core revenue increased by 2.9%.
The company said it is raising full-year outlook for fiscal year 2026. Revenue is anticipated to be in the range of $845 million to $855 million and adjusted EBITDA is expected to be approximately $175 million.
In pre-market trading on NasdaqGS, Neogen shares are up 19.4 percent to $8.81.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.