Neogen Suffers From Competitive Pressure, Macroeconomic Woes [Yahoo! Finance]
Neogen Corporation (NEOG)
Last neogen corporation earnings: 3/24 08:45 am
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US:NASDAQ Investor Relations:
neogen.com/en/investor-information
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Source: Yahoo! Finance
NEOG stock carries a Zacks Rank #4 (Sell). Neogen's international business continues to be affected by currency movements. The current macroeconomic environment has adversely impacted Neogen's financial operations. Governments and insurance companies continue to look for ways to contain the rising cost of healthcare. This might put pressure on players in the healthcare industry, with Neogen being no exception. Although the company is gradually coming out of the impact of the two-and-a-half-year-long pandemic, deteriorating international trade, with global inflationary pressure leading to a tough situation related to raw material and labor cost as well as freight charges, and a higher interest rate have put the medical device space in a tight spot. With sustained macroeconomic pressure, the company may struggle to keep its cost of revenues and operating expenses in check. In fiscal 2024, sales and marketing expenses rose 29.5% year over year. Our model forecasts a 1.5% rise in th
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News
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NEOG
Earnings
- 10/10/24 - Miss
NEOG
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/5/24 - Form 4
- NEOG's page on the SEC website