TARRYTOWN, N.Y. (AP) _ Prestige Brands Holdings Inc. (PBH) on Thursday reported fiscal second-quarter profit of $44.6 million.
The Tarrytown, New York-based company said it had net income of 88 cents per share. Earnings, adjusted for pretax gains, were 78 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The medicine distributor posted revenue of $237.4 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $227.4 million.
Prestige Brands expects full-year earnings to be $3.18 per share, with revenue expected to be $925 million.
Prestige Brands shares have fallen 15% since the beginning of the year. The stock has decreased 11% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PBH at https://www.zacks.com/ap/PBH
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