Neogen Corp gains 11.5% after surprise Q1 profit, upbeat outlook

Shares of food and animal safety solutions firm Neogen Corp rose 11.5% to $13.30 premarket after the company posted an adjusted Q1 EPS of 8 cents, beating analysts' estimates of a loss of 7 cents. Higher profit was driven by increased EBITDA and lower interest and income tax expenses. Neogen sees FY27 revenue between $885 million and $890 million, above estimates of $883.2 million.