AP NEWS

Primo Water: 3Q Earnings Snapshot

November 7, 2018

WINSTON-SALEM, N.C. (AP) _ Primo Water Corp. (PRMW) on Tuesday reported a third-quarter loss of $58.2 million, after reporting a profit in the same period a year earlier.

The Winston-Salem, North Carolina-based company said it had a loss of $1.45 per share. Earnings, adjusted for one-time gains and costs, came to 18 cents per share.

The purified water provider posted revenue of $81.8 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $83 million.

Primo Water expects full-year revenue in the range of $304 million to $308 million.

Primo Water shares have increased 41 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.77, a rise of 56 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRMW at https://www.zacks.com/ap/PRMW

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