NEW YORK (TheStreet) -- Shares of Neogen Corp. (NEOG - Get Report) closed lower by -4.32 to $36.97 on heavy trading volume on Tuesday afternoon, following the company's 2014 fourth quarter earnings results which didn't meet analyst expectations.
Neogen, an international food safety company, posted an increase in net income to $7.5 million, or 20 cents per share for the most recent quarter, compared to $7.0 million, or 19 cents per share for the same period last year.
Analysts polled by Thomson Reuters estimated the company would earn 21 cents per share.
The company's net revenue was $67.26 million, up from $56.01 million for the 2013 fourth quarter.
Analysts expected revenue of $66.88 million for the quarter.
Separately, TheStreet Ratings team rates NEOGEN CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate NEOGEN CORP (NEOG) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
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