NasdaqGS:NEOGMedical Equipment
Neogen (NEOG) Stock Climbs As Margin Repair Counters Lingering Losses
Neogen stock jumped 4.4% to US$12.04 into the close, even though the headline earnings story is still about loss making operations. The company delivered fourth quarter revenue of US$225.3m and adjusted EBITDA margins a little above 20%, which puts the focus squarely on profitability rather than top line scale.
Short term traders are reacting to signs of margin repair and better cash generation. Longer term holders will be weighing those improving Food Safety margins against a still weak...