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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.