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Neogen Corporation operates in Food Safety and Animal Safety, providing diagnostic test kits to detect harmful substances in food and animal feed. Recently, UBS AM reduced its stake in Neogen by 13.7%, while the company reported a quarterly EPS of $0.07, missing estimates, with a revenue of $217 million, down 5.2% year-over-year. CEO John Edward Adent purchased 14,500 shares, increasing his ownership by 7.18%.
The livestock healthcare market is projected to grow from $50.74 billion in 2023 to $79.39 billion by 2028, driven by rising livestock populations, intensifying farming practices, and increasing awareness of zoonotic diseases. Key trends include technological innovations, biosecurity measures, and a focus on animal welfare. Major players in the market include Merck, Zoetis, and Bayer, among others, as they adapt to evolving disease landscapes and consumer demands.
Neogen Corporation
Companies
| Symbol | NEOG |
| Name | Neogen Corporation |
| Currency | USD |
| Sector | Health Care |
| IndustryGroup | Pharmaceuticals, Biotechnology & Life Sciences |
| Industry | Biotechnology |
| Market | NASDAQ Global Select |
| Country | United States |
| State | MI |
| City | Lansing |
| Zipcode | 48912 |
| Website | http://www.neogen.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Neogen Reports Earnings Miss and Analyst Ratings Amid Market Activity
09:36 10.12.2024
livestock healthcare market poised for significant growth driven by disease prevention and technology
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