Following Neogen (NASDAQ:NEOG) is frustrating, as there really isn't all that much to say from quarter to quarter. Neogen continues to acquire attractive niche businesses to augment its revenue and continues to build an appealing food safety business that goes from the farm to the factory. Neogen also continues to look shockingly expensive or, at a minimum, incorporates demanding expectations that few companies could hope to attain.
Continuing To Grow Despite Volatility
Neogen posted 21% revenue growth for the fiscal third quarter, good for a small beat against sell-side expectations. Organic growth was about 6%.
Revenue rose 11% in the food safety business, which is all the more impressive as last year's results were boosted by a veritable...
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