Neogen (NEOG) Hits 10-Month High on Earnings, Upbeat Outlook

We recently published Wall Street Can’t Keep up With These 10 Stocks on Fire. Neogen Corporation (NASDAQ:NEOG) was one of the top performers on Thursday.

Neogen climbed to a 10-month high on Thursday, as investors cheered its strong earnings performance in the recently concluded quarter, alongside a higher revenue guidance for the fiscal year 2026.

At intra-day trading, the stock jumped to as high as $10.24—a level it last touched in March 2025—before paring gains to finish the day just up by 31.57 percent at $9.71 apiece.

This followed the release of its second quarter earnings performance for fiscal year 2026, where it narrowed its net loss by 96 percent to $15.9 million from $456.28 million in the same period last year. This pushed the company to swing to a net income of $20.4 million in the six-month period from a $468.9 million net loss in the first half of the year prior.

Meanwhile, revenues in the second quarter dipped by 2.8 percent to $224.69 million from $231.26 million in the same comparable period.

Revenues in the six-month period also decreased by 3.2 percent to $433.88 million from $448.22 million year-on-year.

Following the results, Neogen Corporation (NASDAQ:NEOG) raised its full-year 2026 revenue outlook to a range of $845 million to $855 million, from $820 million to $840 million previously.

Adjusted EBITDA is also now projected to hit $175 million, or the high end of its previous guidance.

“I am exceptionally proud of the Neogen team as we have initiated the first phase of our strategic transformation with early work focused on stabilizing and strengthening our core business. While it is early in the process, and our industry is currently seeing macro headwinds, our team drove significant sequential improvement in core revenue growth and profitability in the second quarter,” said Neogen Corporation (NASDAQ:NEOG) President and CEO Mike Nassif.

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Disclosure: None. This article is originally published at Insider Monkey.