Neogen Shares Fall After Q1 Beat-and-Raise; Timing Benefits, Modest Guidance Raise Cited

Neogen (NEOG) shares fell after the company reported a Q1 beat-and-raise. The headline growth included roughly 300-400 basis points from order timing and easier comparisons. The FY27 guidance increase was modest: revenue midpoint up $5 million, EBITDA midpoint up $1 million. Management expects Q2 to be the low point for growth this fiscal year. The stock had hit a 52-week high in late September, which may have encouraged profit-taking.