Prestige Brands: Fiscal 1Q Earnings Snapshot
TARRYTOWN, N.Y. (AP) _ Prestige Brands Holdings Inc. (PBH) on Thursday reported fiscal first-quarter profit of $33.9 million.
On a per-share basis, the Tarrytown, New York-based company said it had profit of 65 cents.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The medicine distributor posted revenue of $232.2 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $231.3 million.
Prestige Brands expects full-year earnings in the range of $2.76 to $2.83 per share, with revenue in the range of $951 million to $961 million.
Prestige Brands shares have increased 12% since the beginning of the year. The stock has fallen 3% in the last 12 months.