TARRYTOWN, N.Y. (AP) _ Prestige Brands Holdings Inc. (PBH) on Thursday reported fiscal fourth-quarter net income of $37 million, after reporting a loss in the same period a year earlier.
The Tarrytown, New York-based company said it had net income of 73 cents per share. Earnings, adjusted for non-recurring costs, were 82 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
The medicine distributor posted revenue of $251.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $240.5 million.
For the year, the company reported net income of $142.3 million, or $2.78 per share, swinging to a profit in the period. Revenue was reported as $963 million.
Prestige Brands shares have dropped slightly more than 2% since the beginning of the year. The stock has increased 29% 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
Automated Insights, source Associated Press News