Neogen Reports Q3 EPS of $0.21 vs. $0.21; Revenues $42.24M vs. $39.8M

Neogen Corporation NEOG announced today that its net income for the third quarter of FY 2011, which ended Feb. 28, increased 27% from the previous year to $4,943,000 — or to $0.21 per share, compared to the prior year's $0.17 per share. Third quarter revenues increased 25% to $42,235,000, a record third quarter for the 28-year-old company, compared to the prior year's $33,833,000. Year to date, nine-month revenues increased 27% in the current fiscal year to $129,088,000 from FY 2010's $101,431,000. Current year-to-date net income for the same nine-month period increased 31% to $16,878,000 from $12,887,000 in FY 2010, or to $0.71 per share compared to the prior year's $0.56 per share.