BUZZ-Neogen shares rise as Q1 unexpectedly turns profitable and full-year revenue outlook remains optimistic
路透社2026/10/07 10:51October 7 - Shares of food and animal safety solutions company Neogen (NEOG.O) rose 11.5% in pre-market trading to $13.30. The company reported (link) adjusted earnings per share of 8 cents for the first quarter, outperforming analysts' expectations of a 7-cent loss per share, according to data compiled by LSEG. The profit growth was attributed to increased EBITDA and lower interest and income tax expenses. The company expects fiscal 2027 revenues to be between $885 million and $890 million, above the expected $883.2 million. Of five brokerages, three rated the stock as “Buy” or higher, and two as “Hold”, with a median target price of $14. As of the previous trading day's close, the stock has risen 71.1% so far this year. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since automated translations may be incorrect or lack required context, Reuters does not guarantee the accuracy of such translations, which are provided for reader convenience only. Reuters accepts no liability for any harm or loss arising from use of automated translation.)
October 7 - ** Shares of food and animal safety solutions company Neogen (NEOG.O) rose 11.5% to $13.30 in premarket trading
** The company reported (link) adjusted earnings per share of $0.08 for the first quarter, beating analysts' expectations of a $0.07 per share loss—data compiled by LSEG
** Profit growth was driven by increased EBITDA and lower interest and income tax expenses
** The company expects fiscal 2027 revenue to be in the range of $885 million to $890 million, higher than the expected $883.2 million
** Out of five brokerages, three rated the stock as “buy” or higher, and two rated it as “hold”; the median price target is $14
** As of the previous trading day's close, the stock was up 71.1% year to date
(To assist non-English speakers, Reuters has automatically translated its reports into several other languages. As automated translation may contain errors or lack the necessary context, Reuters does not guarantee the accuracy of the automated translation, which is provided solely for readers’ convenience. Reuters is not responsible for any damage or loss caused by the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Microsoft launches Surface Laptop Ultra with a starting price of $2,599
Microsoft (MSFT.US) has announced the price and launch date for its new flagship notebook, the Surface Laptop Ultra, which uses Nvidia chips, and stated that the device outperforms Apple's equivalent products in certain AI tasks. At an event in San Francisco on Wednesday local time, Microsoft executives said that when running local models, the Surface Laptop Ultra returns prompt responses twice as fast as the Apple MacBook Pro M5 and generates videos six times faster than Apple’s similar device. The Surface Laptop Ultra will soon begin shipping, with a starting price of $2,599, approximately $400 less than the entry-level 16-inch MacBook Pro. The new Surface, powered by Nvidia chips, supports both general computing and AI computing. Nvidia CEO Jensen Huang joined Microsoft CEO Satya Nadella on stage to discuss the development of this new type of PC chip. Jensen Huang stated: “We have completely reinvented the personal computer.”
Nvidia and Microsoft collaborate to promote native operation of AI agents on Windows PCs
RTX Spark officially launched its presale today, accompanied by the debut of NVIDIA's first AI supercomputer designed for the Windows enterprise desktop—the preview version of NVIDIA DGX Station for Windows. At the Microsoft event held in San Francisco on Wednesday, NVIDIA CEO Jensen Huang and Microsoft CEO Satya Nadella jointly announced an in-depth collaboration: through coordinated software and hardware engineering optimization, native AI agents will run on the Windows PC platform. On site, Jensen Huang stated that NVIDIA was founded based on the Windows ecosystem, and now, the era of AI agents is officially landing on the Windows platform.
EU countries agree that oil reserve releases should be included in the International Energy Agency's March action framework
A spokesperson for the European Commission stated that EU countries have agreed any release of oil reserves should be conducted within the framework of the International Energy Agency’s March reserve release actions.
Crypto prices
More
