Neogen meets Q3 profit expectations

Neogen Corp. (Nasdaq: NEOG), a maker of food and animal safety test kits, reported before Tuesday’s opening bell that its third-quarter profit increased to $2.7 million, or $0.18 per share, from $2 million, or $0.14 per share, a year earlier. The profit results met Wall Street analysts’ expectations.

Quarterly revenue rose 20% to $25.2 million from $21.2 million during the same period of 2006. Analysts anticipated $25.3 million in revenue. In midday trading, NEOG shares are down 0.89%, or $0.24, at $26.14.

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