Neogen Corporation (NASDAQ:NEOG) saw a surge in stock price to a 10-month high on Thursday due to strong earnings and higher revenue guidance for fiscal year 2026. The stock hit $10.24 in intra-day trading before closing at $9.71, up by 31.57%.

Repligen Corporation (RGEN) reported a 96% decrease in net loss for the second quarter of fiscal year 2026, swinging to a net income of $20.4 million. Revenues dipped by 2.8% in the same period and 3.2% in the six-month period. Neogen Corporation raised its full-year 2026 revenue outlook and adjusted EBITDA guidance.

Neogen Corporation President and CEO Mike Nassif expressed pride in the team’s strategic transformation efforts, noting improvements in core revenue growth and profitability. While NEOG shows promise, some AI stocks may offer higher returns. Investors can explore an AI stock report for potential opportunities.

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Read more at Yahoo Finance: Neogen (NEOG) Hits 10-Month High on Earnings, Upbeat Outlook