Neogen falls after co cuts annual revenue forecast; CEO to step down

ReutersApr 9, 2025 11:31 AM

Food and animal safety products company Neogen's NEOG.O shares fall 6.5% to $6.58 premarket

Company cuts FY25 revenue forecast to about $895 mln vs previous expectation of between $905 mln and $925 mln

Neogen reports Q3 revenue of $221 mln, missing estimates of $224.9 mln, as per data compiled by LSEG

Company says uncertainty primarily related to global trade policies contributed to results being below expectations

Neogen says CEO John Adent will be stepping down after eight years at the company, adds board has formed a search committee and engaged a global executive search firm

As of last close, compan's shares down 42% YTD

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