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

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

Reuters2025-04-09

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

** 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

(Reporting by Sneha S K )

(( Sneha.SK@thomsonreuters.com))

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