-+ 0.00%
-+ 0.00%
-+ 0.00%
Phibro: Fiscal Q1 Earnings Snapshot
Share
Listen to the news

TEANECK, N.J. (AP) — TEANECK, N.J. (AP) — Phibro Animal Health Corp. (PAHC) on Wednesday reported fiscal first-quarter net income of $29.5 million.

The Teaneck, New Jersey-based company said it had profit of 72 cents per share. Earnings, adjusted for one-time gains and costs, were 79 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 79 cents per share.

The maker of animal health products and nutritional supplements posted revenue of $386.8 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $379 million.

Phibro expects full-year revenue in the range of $1.55 billion to $1.6 billion.

_____

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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending