Neogen Jumps 11% After Raising Fiscal-Year Revenue View to $885 Million-$890 Million
Updated
Updated · CNBC · Oct 7
Neogen Jumps 11% After Raising Fiscal-Year Revenue View to $885 Million-$890 Million
3 articles · Updated · CNBC · Oct 7
Summary
Neogen shares surged 11% before the bell after the food safety company lifted its fiscal-year revenue guidance.
Revenue is now projected at $885 million to $890 million, up from $880 million to $885 million and above FactSet's $883.2 million consensus.
Penguin Solutions also gained more than 4% after quarterly results beat expectations, posting adjusted earnings of $1 a share on $566.7 million in revenue.
Constellation Brands fell 5% despite an earnings beat, as beer operating margins shrank 160 basis points and depletions slipped from a year earlier.