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Core-Mark: 1Q Earnings Snapshot

SOUTH SAN FRANCISCO, Calif. (AP) _ Core-Mark Holding Co. (CORE) on Tuesday reported a first-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.

The South San Francisco, California-based company said it had a loss of 3 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The wholesale consumer products distributor posted revenue of $3.81 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $3.8 billion.

Core-Mark expects full-year earnings in the range of $1.13 to $1.29 per share, with revenue in the range of $16.6 million to $16.8 million.

Core-Mark shares have declined 36 percent since the beginning of the year. The stock has fallen 43 percent 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 CORE at https://www.zacks.com/ap/CORE